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Aug 13 - 08:55 PM

USD/JPY - 107.00-05 Resistance Vulnerable As US Yields Rally

By Krishna K  —  Aug 13 - 06:35 PM
  • USD/JPY opens almost unchanged; well poised to break resistance at 107.00-05

  • Surge in U.S. Treasury yields to 7-week highs supports; 10Y yield up 5 bps

  • U.S. 10Y yield has risen 21 bps since last Thursday; to limit pull backs

  • U.S. stimulus stalemate to cap rise nL1N2FF0QWnL1N2FE0ND

  • BOJ paying banks to boost virus relief, compensates for -ve interest rates

  • China data the focus in Asia Fri; Sino-U.S. meeting on trade issues Sat eyed

  • Resistance 107.00-05, 107.20-25, support 106.70, 106.45-50,106.20-25

  • Related nL4N2FD27I

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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