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Aug 11 - 08:55 PM

USD/JPY - Boosted By Higher US Yields; US Stimulus Doubts Cap

By Krishna K  —  Aug 11 - 06:35 PM
  • USD/JPY opens +0.5% as U.S yields jump to 1-month highs; U.S.10Y yield +6bps

  • U.S. economic recovery hopes, virus vaccine optimism boosts nL8N2FD38Q

  • JPY falls broadly, undermined by sharp drop in safe havens gold and silver

  • EUR/JPY rallies 0.5%, AUD/JPY rises 0.8% before paring gains

  • U.S. fiscal stalemate nL1N2FD1TR, Sino-U.S. tensions limit JPY losses

  • Resistance 106.64-68, 107.00-05, support 106.40-45, 106.20, 105.95-106.00

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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