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Sep 02 - 03:55 PM

USD/JPY - Slips On Broad Dollar Weakness Ahead Of Friday's NFP

By Paul Spirgel  —  Sep 02 - 01:37 PM
  • JPY=EBS ending NorAm -0.04% at 110 Thursday's range 110.12-109.91

  • Yen gain vs USD lags other major CCYs as BoJ not ready to dial back stimulus

  • USD drifts little changed vs yen w/BoJ out of taper discussion nL1N2Q41HY

  • Yen again fails to rise, hold abv 55-DMA by 110.15 on USD weakness

  • Post-NFP, as focus returns to BoJ, Japan economy USD exp'd to rise vs JPY

  • Res at 110.42's Sep 1 high and Aug 11's 110.80 nearby target

  • Upside NFP surprise will take out 110.80, puts Jul 2's 111.66 high in view

  • Support at 100-DMA by 109.70, Aug 16/17's double bottom by 109.12

For more click on FXBUZ


JPY Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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