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Mar 11 - 05:55 PM

USD/JPY - Turns Higher As Shares Pare Drop

By Robert Fullem  —  Mar 11 - 03:31 PM

• USD/JPY rises, risk tone improves after Ontario Prem. Ford suspends tariff

• Pair was lower earlier as tariff threats unnerved investors

• EUR/JPY jumps to 1-mo. high, buoyed by progress on Ukraine ceasefire

• Front-end yen skews ease as positions are unwound, including CHF/JPY

• USD/JPY rose after Nikkei report that GPIF won't raise stock ratio

• Resist: 148.20 Friday high; 148.40, March 5 intraday low; 148.58 9-day EMA

• Supp: 146.52-55 Oct 2 high and session low; 146.47 lower Bollinger

• Data on Wed. includes Japan corp goods prices, US CPI
Yen


(Robert Fullem is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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