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Dec 28 - 04:55 PM

USD/JPY - Longs Lose Momentum As Risk-On Theme Fades

By Christopher Romano  —  Dec 28 - 01:42 PM
  • Yen sold, stocks, commodities gain overnight as riskier assets sought

  • USD/JPY hit a 1-month high of 114.96 but upward move isn't sustained

  • Pair sinks in early NY, slide intensifies as US rates US2YT=RR> soften

  • Yen bid persists, helps as equity and commodity gains erode during NY

  • USD/JPY falls to 114.71 on EBS, sits below 114.80 late in the day

  • Daily techs warn longs; RSI diverges on high, doji candle is in place

  • For more click on FXBUZ




usdjpy Click here

Source:
Refinitiv IFR Research/Market Commentary

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