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Sep 13 - 03:48 PM
USD/JPY - Yen's Trade News Driven Retreat Nears Aug. 1 Starting Points
First appeared on eFXplus on Sep 13 - 01:25 PM
  • USD/JPY's nearing Aug. 1 trade breakdown point & key Fibo
  • Aug's US-China trade war news-driven 109.32-104.46 drop top is in sight
  • 50% and 61.8% of April-August drop at 108.43 & 109.36 are being stalked
  • May need more good trade news to clear 108.42-3 50% & late July lows
  • US sales and sentiment data today lifted Tsy yields, but not stocks
  • Beyond trade news, USD/JPY needs Fed to not scare stocks, lift haven yen
  • EUR/JPY, AUD/JPY and DM yld rebounds all facing Aug. 1 rsst
  • Yen's recent retreat, JGB curve steepening insure steady BOJ on 19th

Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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