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Jul 27 - 10:55 PM

USD/JPY - Dunked Into Downtrend In Wake Of Less-Hawkish FOMC

By Ewen Chew  —  Jul 27 - 09:30 PM
  • USD/JPY dunked to 135.48 from open 136.53; Nikkei -0.2%

  • May be delayed reaction to post-FOMC USD slide nL1N2Z71DY

  • Sudden drop sends it into Bollinger downtrend channel

  • Thurs close below 135.82 confirms bearish chart signal

  • Vital support at 50 DMA 134.20 might be targeted next

  • UST yields trickle lower still; 10y 2.765%, 2y 2.900%

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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