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Dec 30 - 01:55 AM

USD/JPY - Yen Demand Continues For A Second Day Into Year End

By Andrew M Spencer  —  Dec 29 - 10:15 PM

  • -0.35% at lower end of a 132.38-133.09 range - AUD/JPY -0.5%, EUR/JPY -0.35%

  • Yen bought from the Tokyo open ahead of the Fix, then a low key session

  • Charts; neutral momentum studies, 21 day Bollinger bands expand

  • 10 & 21 DMAs fall, Tenkan and Kijun lines flat line - net downside bias

  • 135.23 Kijun line capped in December and remains pivotal resistance

  • 130.58 low on December 20th is initial significant support

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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