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Oct 27 - 06:55 AM

USD/JPY - Reverses Losses, Flow Data Sees A Buying Uptick

By Martin Miller  —  Oct 27 - 06:05 AM
  • EBS flow data showed USD/JPY had been sold for the most of the week

  • However, the data reveals an uptick in buying since late Asia

  • Thursday saw a 146.44-145.11 drop, before rebounding to new session highs

  • However, USD/JPY's recovery will likely run out of steam

  • The USD/JPY chart turns sour nL1N31S0HN. EUR/JPY may follow USD/JPY's lead

  • Dollar outlook, in general, is taking a turn for the worse nL1N31S0NZ

  • Japan to unveil $200B spending package to ease inflation pain nL4N31R4MN

Source:
Refinitiv IFR Research/Market Commentary

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