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Sep 23 - 04:55 PM

USD/JPY - At Highest In Two Weeks With Risk On, Treasury Yields Up Post-Fed

By Randolph Donney  —  Sep 23 - 02:35 PM
  • Major rebound from Wed's bounce off Sep, mid-Aug 109.11-12 lows post-Fed

  • Haven yen sold far and wide on rebounding stocks, USD/JPY shorts squeezed

  • Japanese holiday may have left market bereft of natural rally sellers

  • Last week's highs and the daily cloud top at 110.16/19 on EBS breached

  • Next hurdles are Sept's 110.45 high and big 110.50 expiries nL1N2QP1GI

  • Ebbing Evergrande risk, Fed tightening vs BOJ stasis view are main props

  • Top of 12-week consolidation range is at 110.80

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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