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Aug 11 - 11:55 PM

USD/JPY - Cloud Base Held, Higher Long End UST Yields Support

By Andrew M Spencer  —  Aug 11 - 08:30 PM

  • +0.2 as Tokyo return from holiday to familiar USD/JPY levels

  • Foreign investors net buyers of Japan shares for last week nAZN0FIQET

  • Fed's Daly thinks 50pt Sept hike 'makes sense', 75pt possible nS0N2YH093

  • Higher long end UST yields provide USD/JPY support- Nikkei +1.85%

  • USD/JPY trades within the usually resilient 131.68-134.60 daily cloud

  • Cloud base held in early NY, close below cloud would be first since Sept

  • Horizontal Tenkan and Kijun lines suggest short term consolidation

  • Dips toward the cloud base offer value for USD bulls

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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