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Jul 01 - 03:55 PM

USD/JPY - Longs Now Targeting 2020, 2019 Yearly Highs

By Christopher Romano  —  Jul 01 - 01:41 PM
  • USD/JPY rallies to a 16-mo high on back of big ISM prices paid rise

  • ISM prices paid component helps rally US$ & US interest rate complex

  • USD/JPY techs remain bullish, pair is above the rising 10-DMA

  • Daily, monthly RSI are rising, indicate upside momentum remains

  • Longs target Feb 2020, April 2019 highs which are also yearly highs

  • For more click on FXBUZ





usd/jpy Click here

Source:
Refinitiv IFR Research/Market Commentary

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