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Thomson Reuters
Feb 04 - 08:36 PM
USD/JPY - Strong Nikkei Needed To Sustain A 110.00 Break
First appeared on eFXplus on Feb 04 - 06:15 PM
  • Flat in Asia, closed +0.4% with a stronger US stocks, USD & UST yields
  • Stops and structures above 110 taken out in NY with a 110.16 high
  • Services PMI is the only data, last 51.00 - focus likely on the Nikkei
  • Falling daily cloud will come into play tomorrow - may provide resistance
  • Afternoon NY 109.82 low then 109.65 500M and 109.50 550M strikes support
  • NY 110.16 high then 110 54, 61.8% of October January fall first resistance

jpy feb 5 Click here

Source:
Thomson Reuters IFR Markets

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