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Jun 25 - 03:55 AM

USD/JPY - Momentum Has Been Positive For Most Of June

By Martin Miller  —  Jun 25 - 02:34 AM
  • USD/JPY has been propped by the kjun-line at 109.84 on Monday

  • Scope for eventual bullish extension through March 24 2020 111.71 (EBS) peak

  • Tenkan and kijun lines are increasingly positive aligned = bullish

  • Fourteen-day momentum has been issuing positive readings for most of June

  • EUR/JPY sees 132.31-132.45. Prev nL2N2O60H7. USD/JPY Trader TGM2336

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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