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Mar 17 - 11:55 PM

USD/JPY - Bid With Risk Appetite For A Test Of 109.56

By Andrew M Spencer  —  Mar 17 - 09:38 PM
  • +0.2% with EUR/JPY +0.2% and AUD/JPY +0.55% - positive risk after the FOMC

  • Nikkei +1.75%, AsiaxJP +0.85%, E-mini S&P +0.3% and 10yr UST -1bp 1.639%

  • Japan firms want BOJ to keep bond yields, ETF purchases steady nL4N2L932L

  • Charts; nearly two weeks of consolidation above 108.20 range support

  • 5, 10 & 21 daily moving averages, Tenkan and Kijun lines climb

  • Positive setup targets a test of 109.56, 76.4% March/January fall

  • Earlier 108.70 low and NY 109.32 high initial support, resistance

    For more click on FXBUZ

jpy mar 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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