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Oct 08 - 08:36 PM
USD/JPY - Under Pressure As US, China Prepare To Slug It Out
First appeared on eFXplus on Oct 08 - 07:10 PM
  • USD/JPY rise from 106.48-55 lows runs out of puff as US-China acrimony grows

  • US ups ante, imposes visa restrictions on some China officials nL2N26T0K3

  • Follows blacklisting of some China firms Mon; HKG controversy adds to feud

  • Risk aversion rises as prospects of trade talks progress dim; stocks fall

  • UST yields lower, Fed's Powell open to further rate cuts nL2N26T1FK

  • Expectations of 25 bps cut in Oct @ 83.9% Tues from 74.8% Mon FEDWATCH

  • Support 106.95, 106.70-80, 106.45-55; resistance 107.20-30, 107.45-50

Inflation gauges Image Click here

Source:
Refinitiv IFR Research/Market Commentary

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