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Jan 30 - 08:55 AM

USD/JPY - Steady As The Fed, US Jobs Data Draws Nearer

By Martin Miller  —  Jan 30 - 06:35 AM
  • Dollar is in a state of flux ahead of the Fed, U.S. jobs data nL1N3EK0JX

  • USD/JPY has seen narrow 147.16-147.55 range, on Tuesday, EBS data shows

  • Scope to test 149.17 Fibo, a 76.4% of the 151.92-140.27 drop nL1N3EK0IV

  • There is some solid support at last Thursday's 147.08 EBS low

  • 30/60-day correlations between USD/JPY and EUR/JPY are both above +0.70

  • USD/JPY and EUR/JPY markets are moving in tandem with each other

Source:
Refinitiv IFR Research/Market Commentary

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