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Aug 08 - 06:55 AM

USD/JPY - Market Taking Stock After Friday's Rally

By Peter Stoneham  —  Aug 08 - 05:20 AM
  • A lack of momentum early Monday sees USD/JPY stalling ahead of 135.60

  • Factors, technical and fundamental, aligning in favour of the dollar

  • Strong U.S. jobs report and hawkish tones from the Fed should underpin

  • Growth concerns still causing a drag and thin markets cloud direction

  • BoJ's position limiting losses following Aug 2's USD/JPY turnaround

  • Softer U.S. bond yields also in the Monday mix: 10s down around 3-bps

  • USD/JPY Constructive having based at 130.40 last wk, ahead of the 100DMA

  • USD/JPY breach of daily cloud top and 10-DMA adding to the bullish outlook

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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