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Jun 16 - 01:55 AM

USD/JPY - June High Vulnerable - Safe Haven USD Key

By Andrew M Spencer  —  Jun 15 - 11:50 PM

  • Touch firmer in the middle of a quiet 110.04-110.15 range pre FOMC

  • Japan exports jumped, machine orders rise, both miss forecasts nL2N2NX060

  • Soft markets, Nikkei -0.3%, AsiaxJP stocks -0.3% and E-mini S&P flat

  • Charts - continues to trade above the daily cloud - top a distant 108.87

  • 109.44 Kijun line climbs - break of 109.75 Tenkan line would be bullish

  • Momentum studies 5, 10 & 21 DMAs head higher - positive setup

  • Break of 110.32 June high would target 110.97 March and 2021 top

  • London 109.99-110.17 range is initial support and resistance

For more click on FXBUZ


jpy 2 jun 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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