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Sep 29 - 09:48 PM
USD/JPY - Rally Fades Above 108.00 As Trade Tensions Persist
First appeared on eFXplus on Sep 29 - 07:30 PM
  • USD/JPY fails to hold above 108.00 on news US mulling new measures on China

  • Trump considers delisting Chinese firms from US markets-sources nL2N26I0X6

  • China urges 'calm and rational' resolution to US-Sino trade war nL3N26K06L

  • US NFP Fri followed by Oct 10-11 US-China trade talks in DC now in focus

  • USD demand expected Mon on month end & quarter end flows, to limit downside

  • Resistance 108.15-20, 108.43-48; support 107.65, 107.40-45, 106.95-107.00


Foreign flows into Japanese stocks: Click here

Japanese investments in stocks abroad: Click here

Source:
Refinitiv IFR Research/Market Commentary

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