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Derived real-time data in partnership with:
Thomson Reuters
Aug 06 - 09:48 PM
USD/JPY - Rising Daily Cloud Provides Underlying Support
First appeared on eFXplus on Aug 06 - 06:50 PM
  • Fraction softer pre Tokyo after closing +0.1% with broad USD strength
  • Firmer close and inside day failed to validate Friday's bearish outside day
  • Horizontal Tenkan & Kijun lines suggest further range trading/consolidation
  • House hold spending leads data - polls - -1.6% Y/Y & 1.7% in June
  • 111.53 NY high then Friday's 111.89 top first resistance
  • NY 111.34 low & London 111.20 base initial support

jp aug 7 Click here

Source:
Thomson Reuters IFR Markets

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