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Jul 30 - 07:55 PM

USD/JPY - Drops To 4-Month Low On Ailing US Economy, Politics

By Krishna K  —  Jul 30 - 06:05 PM
  • USD/JPY trades to 4-month low of 104.68 Thursday as dollar woes grow

  • Falling U.S. yields undermine; 10-yr Tsy-JGB yield spreads hit 40-year lows

  • Fading hopes of U.S. economic recovery, U.S. political bickering weigh

  • Deal on U.S. virus aid bill elusive as jobless benefit nears expiration

  • Trump floats election delay, adds to uncertaintynL2N2F111TnL2N2F11RE

  • Japan panel puts tentative end to Abenomics boom in 2018 nL3N2F111X

  • Support 104.51 Mar 13 low, 104.00-10; resistance 105.20-30, 105.65-70

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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