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Oct 26 - 07:55 AM

USD/JPY - Traders Are Solid Buyers Of USD/JPY, This Week, Flow Data Shows

By Martin Miller  —  Oct 26 - 05:44 AM
  • FX traders are solid buyers of USD/JPY, this week, EBS flow data shows

  • USD/JPY found support well ahead of a key Fibo, boosting bulls nL1N2RM0HE

  • Friday's fall found support at 113.42, ahead of the subsequent consolidation

  • 113.28 is Fibonacci level, a 23.6% retrace of the 108.73 to 114.69 rise

  • Monday sees a 113.68-114.08 range, according to EBS data, risk on downside

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are at +0.77/+0.68

EBS Flow Data Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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