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Thomson Reuters
Mar 12 - 08:36 PM
USD/JPY - Tokyo Needs News To Spur A Range Breakout
First appeared on eFXplus on Mar 12 - 07:00 PM
  • Tight Asian range - closed +0.1% despite softer UST yields, on cross play
  • PPI and machinery orders lead data, though they are unlikely to impact
  • Market looking for the Nikkei to sustain or extend yesterday's bounce
  • Flat 111.42 200 DMA has been a magnet - horizontal Tenkan & Kijun lines
  • Signals do not support a trending move, but suggest further consolidation
  • 118.84 Kijun line and 112.08, 76.4% 2018/2019 fall major support/resistance

jpy mar 13 Click here

jpd mar 13 Click here

Source:
Thomson Reuters IFR Markets

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