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Thomson Reuters
May 08 - 08:36 PM
USD/JPY - Treads Water, As USD Uptrend Extends - Tier 2 Data
First appeared on eFXplus on May 08 - 06:35 PM
  • Unchanged pre Tokyo after closing flat - inside day - JPY strong on crosses
  • Only tier 2 data today & little lead from Wall Street suggests consolidation
  • 10yr UST yields stalled around 3% - likely pivotal for JPY - +2bp to 2.972%
  • Horizontal Tenkan line caps - tight range trading likely to extend
  • 109.35 Tenkan line then last week's 110.05 trend top resistance
  • 108.83 NY low then Friday's 108.65 base initial support

jpy may 9 Click here

Source:
Thomson Reuters IFR Markets

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