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Sep 13 - 08:55 AM

USD/JPY - Dropped With Scope For 140 As WSJ, FT Reports Weigh

By Martin Miller  —  Sep 13 - 06:35 AM
  • Dollar hits nine-month low versus yen as Fed debate reignites nL1N3KV08C

  • There are WSJ, FT reports that a 50 bp cut is still an option nL1N3KV08C

  • USD/JPY has dropped from 141.88 to 140.36, on Friday, EBS data shows

  • Spot has broken below 140.49 Fibo, a 61.8% of the (127.22-161.96) rise

  • USD/JPY chart points to a likely break below 140 nL1N3KV06G

  • 140 is where option barriers reside, with large stops likely below

  • EUR/JPY and USD/JPY currency pairs continue to trade in tandem

Source:
Refinitiv IFR Research/Market Commentary

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