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Sep 10 - 09:48 PM
USD/JPY - Drifts Higher With UST Yields, Rally Lacks Momentum
First appeared on eFXplus on Sep 10 - 07:25 PM
  • USD/JPY rallies in laboured fashion despite strong rebound in UST yields
  • Improved risk sentiment leads to unwinding of safe haven plays
  • US-China trade optimism, global stimulus hopes lift risk mood nL5N2612DJ
  • BOJ more open to discussing possibility of expanding stimulus nL3N2612HY
  • Traders cautious ahead of c.banks meetings; ECB Thurs, Fed, BOJ next week
  • 107.46-49 double Fibo resistance overcome, lack of momentum suggests caution
  • Resistance 107.80, 108.16-17; support 107.20, 106.95-107.00

jpy: Click here

Source:
Refinitiv IFR Research/Market Commentary

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