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Thomson Reuters
Dec 23 - 05:00 PM
USD/JPY - Knee Jerk Early Dip - 110.72 A Likely Base
First appeared on eFXplus on Dec 23 - 01:35 PM
  • -0.3% in a knee jerk reaction to the U.S. government shutdown nL1N1YR04J
  • Third shutdown this year, risk sold on the uncertainty around US policy
  • Gaps between NY 111.21 close and 111.00 early Asian high usually filled
  • 110.98 200 DMA proved resilient support late last week - a base since June
  • Tokyo holiday suggests potential liquidity issues, but interest likely light
  • 110.72, 38.2% of the 2018 rise is major technical support

jpy dec 24 Click here

Source:
Thomson Reuters IFR Markets

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