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Jun 30 - 05:55 AM

USD/JPY - Bulls Can Build As Key Japanese Support Level Holds

By Martin Miller  —  Jun 30 - 04:16 AM
  • USD/JPY's small setback from the 2021 high has been limited by tenkan-line

  • Key Japanese tenkan-line technical level currently props at 110.42

  • Tenkan-line is the mid-point of the last nine daily trading sessions

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

  • Scope for a recovery to March 24 2020 111.71 peak

  • EUR/JPY sees 131.38-131.65 on EBS. USD/JPY Trader TGM2336nL2N2OB0HU

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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