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Nov 22 - 09:55 PM

USD/JPY - Potential 115.50 Test, As The USD Trends Higher

By Andrew M Spencer  —  Nov 22 - 07:20 PM

  • -0.04% after closing +0.75%, higher UST yields and strong USD supported

  • Stalled short of last week's 114.97 high, level not seen since March 2017

  • No Japanese data today or scheduled BoJ events - USD and risk likely lead

  • Charts, 5, 10 & 21 daily and weekly moving averages, momentum studies climb

  • Positive setup - initial significant resistance at 115.51 March 2017 high

  • The Kijun line supported on this move higher - now pivotal 113.85 support

  • 114.06 London low and 114.96 NY high are initial support and resistance

For more click on FXBUZ


JPY Nov 22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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