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Aug 23 - 08:55 PM

USD/JPY - Well Bid Early On Buoyant Risk Appetite

By Krishna K  —  Aug 23 - 06:55 PM
  • USD/JPY drifts higher in early Asia, trades in range of 105.76-105.91 Monday

  • Supported by positive risk mood; S&P E-Minis +0.20%, briefly pop above 3400

  • Underpinned by data Fri which showed strong uptick in U.S. business activity

  • Perception grows that plenty of bad news built into current USD weakness

  • Fed Chair Powell speech on Fed's framework review Thursday eyednL1N2FM1N1

  • Japan PM Abe to visit hospital again on Monday - Yomiuri nL4N2FP0HY

  • Support 105.60-65,105.40-45, 105.10; resistance 106.00-05, 106.20-25, 106.50

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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