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Thomson Reuters
Aug 07 - 03:48 PM
USD/JPY - Finds Risk-On Bids By 111, Drawn To Higher Expiries
First appeared on eFXplus on Aug 07 - 02:25 PM
  • USD/JPY's 5-day low at 110.99 scooped up as stocks, risk rebound
  • Bigger option expiries Wed-Fri all above 111; 1.28bln @112.50 Wed
  • Some hope China interventions will reduce trade war derisking
  • Intraday bounce in Tsy-JGB spreads helps as S&Ps near ATH
  • But real yield spreads lag badly nL1N1UY0H4. US CPI out Fri
  • Japan and China Trade data out tonight amid trade conflicts
  • 55-DMA & 61.8% Fibo at 110.67/113.19 provide main range for now

Chart: Click here

Source:
Thomson Reuters IFR Markets

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