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Thomson Reuters
Feb 11 - 08:36 PM
USD/JPY - USD Leads But Charts Don't Support A Trending Move
First appeared on eFXplus on Feb 11 - 06:15 PM
  • Little changed after closing +0.6% on broad USD strength & firmer UST yields
  • Tokyo back from the long weekend with markets fundamentally little changed
  • Horizontal cloud top, Tenkan & Kijun lines do not support a trending move
  • USD is starting to trend higher verses EUR and GBP; could spill into USD/JPY
  • 110.54 break, 61.8% of October January fall, would target 111.28 200 DMA
  • NY 110.11 low & 110.50 301M strikes are initial support/resistance

jpy feb 12 Click here

Source:
Thomson Reuters IFR Markets

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