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Nov 25 - 02:36 PM
USD/JPY - Likely To Take Another Crack At Nov's 109.49 High
First appeared on eFXplus on Nov 25 - 01:20 PM
  • Risk-on flows drive USD/JPY up into the 200-DMA & prior up TL by 109

  • Trade deal hopes, reflation trades and stumped bears feed the rise

  • Second-tier US data only a speed bump intraday, stocks at record highs

  • $1.3bln of 109.50 expiries Tues, by Nov's 109.49, attract nL1N2850IU

  • If trade news doesn't darken, look for a twist up to 110.50 nL1N2850QU

Chart: Click here

Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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