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Mar 18 - 09:55 PM

USD/JPY - Soft Stocks And Firm UST Yields Contain Into BoJ

By Andrew M Spencer  —  Mar 18 - 07:41 PM
  • Little changed offshore, despite the firmer USD, as risk was sold

  • JPY gyrates between being led by risk appetite and UST yields

  • BOJ to loosen grip on yields, prepare for 'stealth' tapering nL4N2LG1P4

  • Charts; nearly two weeks of consolidation above 108.28 range support

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

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

  • Close below 108.28 range base would target 107.05 Kijun line

  • NY 108.82 - 109.22 range is initial support and resistance

    For more click on FXBUZ

jpy mar 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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