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Apr 09 - 07:55 AM

USD/JPY - MoF Rhetoric Holding The Line For Now

By Peter Stoneham  —  Apr 09 - 06:05 AM
  • USD/JPY slips a little after fresh MoF jaw-boning, Europe 151.73-151.94

  • Baulks ahead of 152.00, option-related and exporter offers ahead

  • Stops above 152.00, large option knock-outs, talk of fresh knock-ins above

  • Vanilla option expiries today and tomorrow at 151.50 large and supportive

  • Talk of Japanese importer demand on dips

  • Price hangs by the 152 line in the sand for a 15th straight day

  • 13-day Bolli bands at tightest since 2012: screams for a big breakout

  • However, fourteen day momentum is poised to flip negative

  • An upside breakout could test the upper 30-day Bolli, now by 153.30

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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