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Thomson Reuters
Jul 02 - 08:36 PM
USD/JPY - Cross Flow Could Support In Early Tokyo
First appeared on eFXplus on Jul 02 - 06:15 PM
  • Tight early range - closed +0.2% with broad USD strength & cross risk off
  • AUD/JPY & NZD/JPY -0.8%, but late in NY came a German migration compromise
  • This should be positive for risk/JPY crosses once Tokyo opens nL8N1TY1EX
  • 5 days of higher lows & highs is positive - next stop 111.40 2018 high
  • Horizontal Tenkan & Kijun lines do not support a trending move
  • 110.50 700M & 111.00 529M strikes are initial support/resistance

jpy jul 3 Click here

Source:
Thomson Reuters IFR Markets

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