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Oct 26 - 04:55 PM

USD/JPY - Dollar's Risk-Off Rise Capped At Key 105.05 Hurdles

By Randolph Donney  —  Oct 26 - 02:35 PM
  • USD/JPY's 105.055 high on EBS hit kijun, 50% Fibo of 105.75/4.345 drop

  • Broad dollar rise on selling of riskier assets was behind the rise

  • Expanding pandemic problems in US & Europe undermine USD-funded risk trades

  • July, Sep & Oct lows at 104.00-345 are daunting for IMM shorts nL1N2HH18I

  • Pre-election U.S. pandemic relief bill odds widen, may wait until 2021

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Source:
Refinitiv IFR Research/Market Commentary

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