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Dec 02 - 02:36 AM
USD/JPY - Supported As Japan Mulls Sizable Stimulus Package
First appeared on eFXplus on Dec 01 - 10:50 PM
  • USD/JPY trades firm in early Asia as risk sentiment receives positive boost

  • Underpinned by Japan stimulus spending plan, China data upside surprise

  • Japan govt mulls over $92 bln stimulus package to spur growth nL4N28A00W

  • U.S.-China phase one trade deal doubts may limit upside nL4N28B01A

  • Weekly close above converging 55,100,200-WMA @ 109.35-109.83 will be bullish

  • Will target 110.53, support 109.10-20, pivotal at 108.65-70; buy dips


Source:
Refinitiv IFR Research/Market Commentary

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