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Sep 24 - 08:55 AM

USD/JPY - Taps 50% Fibo Cap At 105.53 Ahead Of U.S. Jobs Data

By Randolph Donney  —  Sep 24 - 08:20 AM
  • USD/JPY's rebound led by broad dollar support hits 50% Fibo at 105.53

  • 105.53 is halfway between August's high, September's low of 107.05/4.00

  • Yen's sizeable gains as a haven elsewhere are being consolidated

  • And the dollar index recovery is nearing down TL resistance from March

  • If 105.53 is cleared, 61.8%, cloud base & 100-DMA are eyed at 105.89/98/6.05

  • If 105.53 holds, tenkan's likely to be tested at 105.085 on EBS

  • Numerous Fed speakers today, but opinions well known by now

    For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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