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
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Source:
Refinitiv IFR Research/Market Commentary