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Jan 06 - 07:55 AM

USD/JPY - Reaches Sell Zone - Jobs Data Decides Next Move

By Richard Pace  —  Jan 06 - 05:45 AM
  • USD/JPY recovery met fresh selling by 134.50 Dec highs (134.58 EBS hi)

  • That was a touted sell zone as USD/JPY recovered higher Thursday

  • Mild setback holds above 21-dma 133.95 as USD gains stall elsewhere, too

  • Market now awaits key U.S. jobs data for further directional clues

  • USD likely needs a big data beat to fuel more n-term demand vs JPY

  • 23.6% Fibo 151.94-129.51 drop 134.80 a hurdle - break opens 200-dma 136.48

  • Options on high alert for more USD/JPY volatility nL1N33R0IL



For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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