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Derived real-time data in partnership with:
Thomson Reuters
Oct 30 - 08:36 PM
USD/JPY - Profit Taking/bargain Hunting Early - Awaiting BoJ
First appeared on eFXplus on Oct 30 - 07:05 PM
  • Shade softer early after closing +0.6% with higher stocks & UST yields
  • JPY crosses climbed with risk, AUD/JPY +1.3%, NZD/JPY +1.2% & EUR/JPY +0.4%
  • BoJ decision leads event risk, but no surprises expected nL3N1X91FK
  • Rising daily cloud which extends into next week is providing support
  • Horizontal Tenkan & Kijun lines do not suggest a trending move
  • 1.1300 1.3BLN strikes support & a magnet - 113.33, 61.8% Oct fall resistance

Source:
Thomson Reuters IFR Markets

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