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Aug 06 - 08:55 PM

USD/JPY - Lower US Yields, Tepid Risk Appetite Weigh

By Krishna K  —  Aug 06 - 07:00 PM
  • USD/JPY steadies in early Asia after closing 0.55% lower on Friday

  • Weighed down by broadly weaker dollar on softer-than-expected jobs number

  • Undermined by lower U.S. yields; 10-year yield drops 13 bps in New York

  • Tepid risk appetite likely to cap rallies as focus turns to U.S. CPI on Thu

  • Fed's Bowman says more U.S. rate hikes likely will be needed

  • JGB yields key as BOJ makes bold shift with yen risks too big to ignore

  • Support 141.30-40, resistance 142.25-35, 142.80-90; Fri range 142.90-141.55

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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