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Thomson Reuters
Dec 31 - 08:36 PM
USD/JPY - Supports Give Way
First appeared on eFXplus on Dec 31 - 12:05 PM
  • USD/JPY falls further below the 200-DMA and sets a new trend low
  • 110.00 and 109.70/80 supports break and US interest rate complex stumbles
  • Interest rates for US Treasuries, fed funds and eurodollars all slide
  • Market expectations for Fed hikes continues to be pared back
  • STIR rate markets are now pricing in potential for Fed rate cuts in 2020
  • Market still positioned long US$, USD/JPY could stay heavy for 2019

chart: Click here

Source:
Thomson Reuters IFR Markets

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