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Thomson Reuters
May 02 - 09:48 PM
USD/JPY - 200 DMA Remains A Magnet, As US Payrolls Loom
First appeared on eFXplus on May 02 - 07:30 PM
  • Flat after closing +0.1% on broad USD strength, as UST yields firmed
  • Japan and China holidays ahead of US payrolls - expect tight consolidation
  • 111.53 flat lining 200 DMA has been a magnet since early March
  • Horizontal Tenkan & rising Kijun lines are a modest positive setup
  • Yesterday's Asian 111.66 high then 111.70 Tenkan line first resistance
  • 111.46 Kijun line then 111.37 NY low support - 111.00-25 700M strikes

jpy may 3 Click here

Source:
Thomson Reuters IFR Markets

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