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Thomson Reuters
Jul 03 - 09:48 PM
USD/JPY - Dip Targets 200 DMA, Which Was A Magnet In June
First appeared on eFXplus on Jul 03 - 07:25 PM
  • -0.1% pre Tokyo - closed -0.3% - USD led with softer stocks & UST yields
  • Services PMI leads data - last 51.00 - unlikely to impact - focus on Nikkei
  • Six day sequence of higher daily lows & highs ended this morning
  • Tenkan & Kijun lines contract, which suggests a period of consolidation
  • 110.25 Tenkan line & 110.17 200 DMA, a magnet in June, are initial support
  • 110.83 NY high then yesterday's 111.14 Tokyo top resistance

jpy jul 4 Click here

Source:
Thomson Reuters IFR Markets

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