By Randolph Donney — Aug 04 - 02:00 PM
USD/JPY fell with Tsy yields as recession fears persist pre-NFP Friday
Haven yen also boosted by risk-off flows from China's military actions
Japanese, Taiwanese defense forces reacting to China threats nL1N2ZG03C
USD/JPY highs Wed & Thur by falling 200-HMA, with 50-DMA, Kijun beyond
USD/JPY rallied after last two NFPs reports, but may not Fri nL1N2ZG1CZ
Most Fed speakers this week warning against pricing in 2023 rate cuts
But USD/JPY will be in trouble if yields don't rise on Fri's jobs data
BoE's hike, 13.3% inflation & recession f/c nU8N1A4002 sour risk mood
Hourly and daily cloud bases at 132.47/1.68 support ahead of payrolls
Rebound from 100-DMA/23.6% Fibo by Tues's trough at risk while below 134
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary