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Thomson Reuters
Apr 25 - 08:36 PM
USD/JPY - Felled By Unwinding Of Short JPY Funding Positions
First appeared on eFXplus on Apr 25 - 06:45 PM
  • USD/JPY declines as JPY crosses sold ahead of April 29-May 6 Japan holiday
  • Fear of illiquid markets, scope for ECB, RBA easing dent EUR/JPY, AUD/JPY
  • Perception grows that ability of BOJ to ease further limited nL3N2270H5
  • USD downside limited on growing optimism on U.S. economy nL1N2270N0
  • Position squaring to dominate in Asia, SSEC watched after 2.4% fall Thursday
  • Supports 111.37, 38.2% of 109.70-112.40 rise & 111.20-25 ; 111.70-80 resists

Japan margin trading positions: Click here

Source:
Thomson Reuters IFR Markets

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