By Robert Fullem — Nov 04 - 01:50 PM
USD/JPY trims drop after testing key support at its 200-DMA of 151.57 amid lower Treasury yields
Session range remains 151.54 to 152.95 on EBS with volumes muted ahead of US elections on Tuesday
One-week implieds move above 18.0% to a three-month high ahead of this week's US election outcome and an FOMC policy decision
Key resistance is at the double-top of 153.87-88 from last week and the 154 psychological level
Supports below the 200-DMA include the Oct. 23 low of 151.04, Oct. 21 high of 150.88 and its 100-DMA at 150.37
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Source:
Refinitiv IFR Research/Market Commentary