By Krishna K — Aug 14 - 07:35 PM
USD/JPY well supported in Asia after closing 0.35% higher on Monday
Boosted by a rising U.S. yields; 10-year yield hits 9-month high
Increasing Treasury supply is expected to pull yields higher, support dollar
Widening US-Japan interest rate differential, EM turmoil fuel rally
Traders wary of jawboning from Japanese officials, likely MOF intervention
Japanese GDP Tue, inflation data Friday key for BOJ monetary policy
U.S. retail sales Tue and Fed minutes of July meeting Wed awaited
Resistance 146.10, 76.4% of October-January USD decline
Support 144.70-80, 144.40-50; Monday range 144.65-145.57
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Source:
Refinitiv IFR Research/Market Commentary