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Thomson Reuters
Jun 11 - 11:00 PM
USD/JPY - Overcomes First Of Two Obstacles, May Turn Bullish
First appeared on eFXplus on Jun 11 - 09:00 PM
  • USD/JPY crosses 200 DMA at 110.19 - which capped rally last week
  • First chart barrier overcome, next one being tested at 110.54
  • Tues close above that mark would turn USD/JPY bullish near-term
  • Bollinger uptrend channel would steer to 111.48 weekly resistance
  • USD generally well-bid as FOMC decision appears on horizon
  • Markets tad risk-on as Trump-Kim summit commences nL4N1TD4MR

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