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Dec 18 - 07:55 PM

USD/JPY - Edges Back Above 136.00 As Early Gaps Start To Fill

By John Noonan  —  Dec 18 - 05:45 PM
  • USD/JPY edging back above 136.00 after trading down to 135.80 early Asia

  • Fall was sparked by report BOJ agreement on inflation target to be revised nL1N33704J

  • The timing of any changes to make target more flexible unlikely before April

  • Talk of stops below 136.00 in thin market added to the early pressure

  • Support at the 200-day MA at 135.66 held on the early attempt lower

  • Resistance is at Friday's 136.29 low and NY Friday close at 136.73

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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