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Thomson Reuters
Oct 11 - 03:48 PM
USD/JPY - Finds Support, CPI, Aso Help, But Markets Jittery
First appeared on eFXplus on Oct 11 - 02:05 PM
  • USD/JPY found good retracement support at today's 111.96 low
  • Soft U.S. CPI and major stock indices holding key props helped
  • FinMin Aso tries to tamp down market angst, JPY rise
  • If stocks hold, USD/JPY targets are at 112.95/3.26/56
  • 100-DMA at 111.26 big target if stocks break sharply lower again
  • Strong 30-yr Tsy auction helps dent bear steepening that was JPY+
  • Trump blames market drop on crazy Fed tightening
  • Reports US Tsy won't deem China ccy manipulator next week a plus
  • Markets remain rattled, so risk-on pullback in yen may be temporary

Chart: Click here

Source:
Thomson Reuters IFR Markets

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