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Apr 29 - 11:55 PM

USD/JPY - Off Highs As Risk Mood Sours In Asia

By Krishna K  —  Apr 29 - 09:53 PM
  • USD/JPY drops from early 109.06 high as China official PMIs sour risk mood

  • China's factory activity expands at slower pace in April nL1N2MN02F

  • Growth in China's services sector slows in April - official PMI nB9N2LR01D

  • Japan's factory activity expands at fastest pace since early 2018, ignored

  • Nikkei down 0.4% as traders adjust positions ahead of Monday-Wed holidays

  • Downside ltd on rising U.S. yields, widening U.S.-Japan yield differential

  • Resistance 109.22, 50% of 110.97-17.48 drop; support 108.75, 108.55-60

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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