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Sep 09 - 09:55 AM

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Goldman Sachs: USD/JPY Levels to Watch into US PPI/CPI

By eFXdata — Sep 09 - 09:20 AM

Goldman Sachs highlights the key levels in USD/JPY going into this week's August PPI (Thurs) and CPI (Fri) reports.

" Levels: Into CPI/PPI expect USDJPY to hold into the 152-153 area as clients take profit and some CTA positioning cleaned up. Expect spot to stall into 155.20 and 158.50 to be major resistance," GS notes.

On a break of 152.00, target 148.00," GS adds.

Source:

Goldman Sachs Research/Market Commentary

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