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Thomson Reuters
Jan 06 - 08:36 PM
USD/JPY - Early Gains Evaporate Into The Tokyo Open
First appeared on eFXplus on Jan 06 - 06:15 PM
  • -0.1% after touching 108.79 early - scepticism on US Gov't shutdown progress
  • JPY crosses also gave back early gains, AUD/JPY at 77.10 from 77.44
  • Nikkei's response to the strong rebound on Wall Street Friday likely pivotal
  • Horizontal 107.75 Tenkan & 108.98 Kijun lines may act as a magnet
  • Close above 108.08, 38.2% Oct/Jan fall suggests long 104.10 base in place
  • NY afternoon 108.06 low and earlier 108.79 high initial support/resistance

jp2 jan 7 Click here

Source:
Thomson Reuters IFR Markets

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