Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 01 - 08:55 PM

USD/JPY - Decline Likely To Slow As Strong Supports Neared

By Krishna K  —  Aug 01 - 07:20 PM
  • USD/JPY under pressure in early Asia after declining 1.2% on Monday

  • Undermined by lower U.S. yields, global recession fears, Sino-U.S. tensions

  • U.S. 10-yr yield hits 4-mth low;expectations of aggressive Fed hikes lowered

  • USD trades to a low of 131.48 on Tuesday after 133.56-131.60 Monday range

  • Support 131.30-50; 61.8 % of May-July rally, June 16 low, daily cloud base

  • Decline may slow as support window likely to hold on the initial test

  • Resistance 132.00-05, 132.40-50, 133.00-10

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!