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Thomson Reuters
Nov 27 - 08:36 PM
USD/JPY - Positions Cover Into A Big Weekend - 114.21 To Cap
First appeared on eFXplus on Nov 27 - 06:25 PM
  • Tight early after closing +0.15%, as positions were trimmed into the G20
  • Low expectations for a US/China trade breakthrough
  • If US/China friction escalates, risk will be sold, no change & 114.20 to cap
  • Horizontal cloud, Tenkan & Kijun lines do not support a trending move
  • 113.50-55 1.36BLN and 114.00 1.9BLN likely define today's Asian range
  • Global growth slows & trade friction builds its hard to be a 2019 risk bull

jpy nov 28 Click here

Source:
Thomson Reuters IFR Markets

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