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Thomson Reuters
Jan 25 - 03:48 PM
USD/JPY - Bulls Bang Against 110 Amid Mixed Risks
First appeared on eFXplus on Jan 25 - 01:35 PM
  • USD & JPY both sold today as funders for global rerisking trades
  • Gentler ECB & Fed policy views fuel risk-taking, despite trade war
  • 109.95 Ldn PM high on EBS again met good supply pre Jan's 110 peak
  • JPY sold hard vs most ccys, but broader USD drop in NY brought 109.54 low
  • DJ story about Fed possibly looking at shorter B/S rundown weighed
  • GBP and EUR also lifted by waning hard Brexit worries nL1N1ZP0MM
  • USD/CNY also leading broader USD slide after Mnuchin's FX mention
  • USD/JPY stuck in 109.15-110 range pre-FOMC, trade talks nL1N1ZP0LM
  • Talk of deal to temporarily end US govt shutdown prompts late rally

Chart: Click here

Source:
Thomson Reuters IFR Markets

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