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Thomson Reuters
Aug 08 - 11:00 PM
USD/JPY - Pausing Ahead Of Key Support
First appeared on eFXplus on Aug 08 - 09:15 PM
  • USD/JPY under pressure in Asia, as it continues to trend lower in S/T
  • Key support at 55-day MA @ 110.71, which has held dips since mid-April
  • There is more support at the July 26 low at 110.56
  • A clear break below 110.50 targets major support at 109.85/110.00
  • The 200-day MA is at 109.99 & 38.2 of 104.56/113.18 is at 109.88
  • A break back above 10-day MA (111.31) would ease the downward pressure

usd/jpy Click here

Source:
Thomson Reuters IFR Markets

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