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Aug 11 - 04:55 PM

USD/JPY - A Close Above 106.65 Could Target Huge Hurdles By July High

By Randolph Donney  —  Aug 11 - 02:50 PM
  • USD/JPY's probing key 61.8% Fibo of July's drop at 106.645 EBS

  • Rises on surging Treasury-JGB yield spreads, haven yen dumping

  • Tumbles in silver and gold part of exodus from havens like the yen

  • A 106.645+ close would target the flat daily cloud top at 107.92 next

  • Down TL from March, 200-DMA & 30-day Bolli all by July's 108.16 high

  • 10-year Treasury-JGB yield spreads at highest in over a month

  • For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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