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Aug 01 - 06:55 AM

USD/JPY - At Post-BoJ High, U.S. Data, Yields To Guide Direction

By Justin Mcqueen  —  Aug 01 - 04:40 AM
  • Fresh post-BoJ highs for USD/JPY, rising to 142.84 ahead of U.S. data

  • Monday's daily close above 141.95-142.00 raises risk of a move to 145.00

  • BoJ in rear view mirror, focus on U.S. data, yields for USD/JPY direction

  • 10yr Tsy yield nears 4%, underpinning USD/JPY, 4.09% key for outlook

  • Support at 141.95-142.00 (Jul 21 peak), 141.50 (50% fib of Jul range)

  • Resistance: 143.43 (78.6% fib), 145.00 (psychological)

  • ISM mfg. PMI and JOLTS due 1400GMT

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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