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Aug 09 - 09:55 PM

USD/JPY - Firmer Offshore Yields And Rising Cloud Support

By Andrew M Spencer  —  Aug 09 - 08:10 PM

  • Steady after closing up 0.1% with an inside day around 134.89 Kijun line

  • Japan July wholesale prices rise 8.6 pct yr/yr, v's 8.4% polled nAZN0F34XY

  • Nikkei trades down 0.6% in early Tokyo, after Nasdaq led Wall Street lower

  • Charts: Friday's rejection of the rising daily cloud was a positive signal

  • This week's 134.35 low then 134.25 rising Ichimoku cloud top first support

  • 135.83 21 DMA and 135.95, 61.8% of the July-August fall first resistance

  • Close above 135.95 Fibo resistance with a rising cloud top would be bullish

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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