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Aug 19 - 07:55 AM

USD/JPY - Slips As Safety Plays Bolster The Yen

By Peter Stoneham  —  Aug 19 - 06:37 AM
  • A decent USD/JPY pullback from another rebound high

  • Dollar gains across the board but safety plays also need the yen

  • A sense that optimism on the global economic rebound is cooling

  • Afghan concerns, Delta variant and a hawkish tilt to Fed minutes at play

  • USD/JPY stalled at the 50DMA, 110.19 (110.22 high) and now down on the day

  • Bull market now showing signs of indecision: could trigger deeper drop

  • Candle pattern Wed-Thurs hints demand is faltering above 110.00 nL1N2PQ0JK

    For more click on FXBUZ







USD/JPY daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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