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Aug 19 - 06:55 AM
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USD/JPY - Suffers A Minor Setback, Pulls Away From Key 160 Level
By Martin Miller — Aug 19 - 04:39 AM
• USD/JPY has pulled away from the closely-watched 160 level
• Spot has dropped from 159.64 to 159.06, on Wednesday, on the EBS data
• USD/JPY upside has recently been limited by Japanese exporter sales
• A break and daily close below the cloud base, that is currently at 158.92, would be bearish
• USD/JPY and EUR/JPY usually struggles in August
• Investors set sights on Swiss franc for popular carry
trades after yen intervention
Daily Chart
(Martin Miller is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters