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Thomson Reuters
Apr 14 - 09:48 PM
USD/JPY - Key Resistance Under Threat As Risk Mood Lifts
First appeared on eFXplus on Apr 14 - 06:45 PM
  • USD/JPY nears strong resistance @ 112.08-13 as global growth concerns ebb
  • Upbeat China data & strong rally in U.S. yields sparks JPY sales on crosses
  • Further fillip likely if China GDP Wed shows stabilization of its economy
  • Upcoming major holidays to threaten liquidity, exaggerate moves nL1N21U070
  • Daily close above 112.08,76.4% Fibo of Oct-Jan fall, 112.13 Mar high bullish
  • Weekly close above 100-WMA @ 111.99 strengthens uptrend; support 111.60

jpy 1: Click here

Source:
Thomson Reuters IFR Markets

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