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Mar 14 - 01:55 PM

USD/JPY - Despite Gains Risk Are Tilted To The Downside

By Christopher Romano  —  Mar 14 - 11:50 AM
  • USD/JPY rallied Tuesday but stalled short of Monday's high

  • Pair traded within Monday's range, implies consolidation likely

  • US rate EDZ3US2YT=RR gains lend support but are near recent lows

  • Should the recent US rate slide resume USD/JPY is likely to follow

  • Daily cloud thinning & twists end of March; may attract price action

  • USD/JPY bulls likely need 135.15/35 break to take greater control

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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