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Thomson Reuters
Oct 29 - 03:48 PM
USD/JPY - , Crosses Get Temporary Relief From October Angst
First appeared on eFXplus on Oct 29 - 02:05 PM
  • October's huge derisking subsides at month's end, hits haven yen
  • USD/JPY extends Fri's rebound from fleeting 100-DMA, Fibo breaks
  • Higher high hits down TL from Oct 22 high at 112.56
  • Underwater IMM spec longs likely to sell into rallies toward 113
  • Downtrend consolidation likely above $4bln of 111.60 expiries Wed
  • BOJ to kick the can again Wed, PMIs, ISM and NFP key to end week
  • US personal income/spending ok, but also hint at slowdown ahead
  • US-China et al trade war, Fed hikes lingering threats

Chart: Click here

Chart: Click here

Source:
Thomson Reuters IFR Markets

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