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Derived real-time data in partnership with:
Thomson Reuters
Oct 28 - 11:00 PM
USD/JPY - Reversed Off The Rising Cloud - Now Key Support
First appeared on eFXplus on Oct 28 - 09:25 PM
  • Touch softer to start the week after closing -0.4% with lower UST yields
  • Retail sales lead data - polls +1.6%, focus on Nikkei after soft S&P -1.7%
  • Horizontal Tenkan & Kijun lines suggest range trading - daily cloud rises
  • Close below 111.48/60, cloud base & 61.8% Aug/Oct rise, would be bearish
  • Reversed off 111.38 in NY - 111.35 570M & 112.00 885M close strikes today
  • 111.66 cloud top & 112.10 NY post GDP bounce initial support/resistance

jp oct 29 Click here

Source:
Thomson Reuters IFR Markets

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