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Jan 04 - 09:55 PM

USD/JPY - A Cautious Start Ahead Of The Often Volatile US Jobs

By Andrew M Spencer  —  Jan 04 - 07:55 PM
  • A cautious start in Asia, trading up 0.05% in a tight 144.57-144.86 range

  • Services PMI 51.5 - domestic customers and tourism continue to support

  • FX majors in Asia are quiet ahead of the often volatile U.S. payrolls

  • Charts show neutral signals with horizontal Tenkan and Kijun lines

  • 5, 10 & 21-day moving averages base or rise as daily momentum studies climb

    Major resistance is at 144.70/00, 38.2% Nov/Dec fall, and the Dec 19 high

  • 144.30 Kijun line and the 143.18 early London base are initial supports

  • A close above 145.00 after U.S. payrolls would be bullish for next week

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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