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Aug 03 - 05:55 PM

USD/JPY's Risk And Rates Rebound Capped Pre-NFP By Fed's Daly, 50-Day MA

By Randolph Donney  —  Aug 03 - 02:15 PM

  • Swift 130.40-134.55 Tues-Wed rebound was capped near 50-DMA at 134.61

  • Tsy yield rise on hawkish Fed talk Tues tamed by Fed's Daly nS0N2X4077

  • Yields and stocks aided earlier by ISM, factory orders beats nL1N2ZF1L2

  • More than 3% dive in oil, pre-NFP caution also trim Tsy yield rise

  • Bulls need a 135+ close to take on 137.45 July 27 Fed day highs on EBS

  • Lower 21-day Bolli at 132.40 and 132.295 Wed low support

  • Flat cloud base at 131.685 is an on-close pivot pt after Tues's false break

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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