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Aug 17 - 04:55 PM

USD/JPY - Gains Trimmed With Treasury Yields After Fed Minutes Underwhelm Hawks

By Content Admin  —  Aug 17 - 03:00 PM
  • USD/JPY rallied to 135.50 on surging Tsy-JGB yields spreads nL1N2ZT12M

  • But gains were trimmed as Tsy yields were slipped on Fed minutes

  • Minutes didn't live up to hawkish post-meeting Fed speeches nL1N2ZT0WB

  • The session high was by the 50-DMA shy of Aug's 135.585 highs on EBS

  • Wed's 133.91 low was made on a strong 200-HMA base, now at 134.05

  • Initial support is by Tuesday's 134.685 high

  • US core retail sales +0.8%, overall flat nL1N2ZS1HC a decent result

  • Jobless claims, Philly Fed mfg and existing home sales on tap Thursday

  • USD/JPY uptrend intact while above 100-DMA, closes above 132.87 cloud base

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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