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Nov 03 - 01:55 AM

USD/JPY - Soft But Mid Range Ahead Of The FOMC

By Andrew M Spencer  —  Nov 02 - 11:08 PM

  • -0.05% towards the base of a 113.85-114.01 range - low key - Tokyo holiday

  • FOMC outlook and forecasts key for the next U.S. dollar move nL1N2RT1T0

  • Technically, choppy consolidation below 114.69 October high continues

  • Horizontal Tenkan and Kijun lines support further range trading

  • 113.26 late October base and 114.69 October high are the range parameters

  • 113.46 London low and Tokyo's 114.13 high Tuesday first support resistance

For more click on FXBUZ


jpy 2 Nov 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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