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Oct 28 - 05:55 AM

USD/JPY - FX Traders Have Been Exiting USD/JPY All Week So Far

By Martin Miller  —  Oct 28 - 04:25 AM
  • In times of uncertainty, funds usually flow into the safe-haven yen

  • EBS flow data shows FX traders have sold dollar versus yen all week

  • USD/JPY closed under the key 104.50 Fibo could see a bigger slump

  • 104.50 Fibo is a 76.4% retrace of the 104.00 to 106.11 (Sept to Oct) gain

  • USD/JPY's range has been 104.16-56 range, according to EBS prices

  • BOJ seen on hold before US election, December move eyed nL1N2HJ03C

EBS Flow Data Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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