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Sep 03 - 03:55 PM

USD/JPY - Bears Rewarded After US NFP Miss Reduces Fed Taper Volume

By Paul Spirgel  —  Sep 03 - 01:59 PM
  • JPY=EBS ending NorAm -0.27% at 109.63 Friday range 110.07-109.59

  • USD slides after NFP underwhelms, a headwind for Fed taper

  • Yen shorts 1097741NNET reevaluate risk as US-JP rate differential narrows

  • Payrolls miss pushes dollar below 100-DMA support vs yen nL1N2Q51HT

  • Close sub-100DMA by 109.71 eyes Aug 24 low 109.42, Aug 16/17 low 109.12

  • Bulls need a close above the 55-DMA at 110.13 after several failed attempts

For more click on FXBUZ


JPY Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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