Blake Morrow’s Chart of The Day – August 3rd 2021
USDJPY
The USDJPY is nearing the 109.00 level support and the risk is building for a breakdown below this level. A move below support is at risk as the ZN (US 10yr bond) is back above the 200dma today and yields are slumping. A move to the 108.65 then 108.12 level is possible or at least to 108.25 which would be channel support.
Blake Morrow
