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Thomson Reuters
Dec 05 - 06:12 AM
USD/JPY - Finds Support Near Cloud Top, Long Position Trimmed
First appeared on eFXplus on Dec 05 - 03:50 AM
  • USD/JPY's biggest black candle since July closes under key Fibo nL1N1YA07Q
  • But support has been found near the daily Ichimoku cloud top now at 112.67
  • Wednesday has seen a steady recovery move from 112.65 to 113.11 on the EBS
  • But there are said to be large offers just above the market that should cap
  • IMM for week ending Nov. 27 showed a futures mkt equivalent cash $11.5B long
  • But EBS flow data since Nov. 27 shows some longs have now been trimmed

Daily Ichimoku Chart: Click here

EBS Flow Data Chart: Click here

IMM Net Positions Chart: Click here

Source:
Thomson Reuters IFR Markets

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