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USD/JPY interim low lies at 108.72 – Commerzbank

In opinion of Senior Technical Analyst at Commerzbank Axel Rudolph, spot seems to have recorded an interim low in the 108.70 region.

Key Quotes

USD/JPY continues to bounce off its June low and nears the 111.05/34 early August high and 55 day moving average. We believe that another interim low was formed at 108.72 in August. Failure at 108.72 is needed for slippage to the 108.13 April low”.

“Below 108.13 would target the 107.49 July 2016 high, then 106.50, the 61.8% retracement of the move 2016-2017”.

US: No precedent for recent inflation surprises - Westpac

Richard Franulovich, Research Analyst at Westpac, suggests that a bevy of stronger activity data in recent days, most notably July US retail sales and
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GBP/USD risks a test of 1.2775 – UOB

FX Strategists at UOB Group believe Cable could slip back towards the 1.2770 region in the near term. Key Quotes 24-hour view: “While we expected GB
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