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Feb 15 - 07:55 AM

USD/JPY - Bulls Reining In A Significant Level

By Peter Stoneham  —  Feb 15 - 05:53 AM

  • A near perfect storm for the Japanese Yen Monday: USD/JPY +0.37% to 105.30

  • Bulls are closing on the 200DMA, 105.54: no cls above since Jun 8 2020

  • Feb 5 and 2021 high at 107.76 and 30DMA upper Bollinger is at 105.65

  • Holiday thinned markets likely exaggerating moves: China and U.S out today

  • USD/JPY reacting strongly to risk on drive: higher U.S. yields also noted

  • Nikkei surge above 30k supportive, index close +1.91% @30,084

  • Related content nL1N2KL05KnL1N2KL0IO

    For more click on FXBUZ








USD/JPY daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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