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Aug 27 - 06:55 AM

USD/JPY - Direction Clouded By Event Risk; Bids Noted

By Peter Stoneham  —  Aug 27 - 04:50 AM
  • Long upper and lower daily candle shadows highlight indecision

  • Today's Powell event risk possibly over played but still clouds direction

  • Trading is thin with some Tokyo bids noted too sub-109.90

  • Offers touted from 110.15, trail up, retail players sold early Friday

  • Option expiries help contain: 109.95-00 (974M) and 110.25-30 (434M

  • Technically, price struggling to clear a thin daily cloud: 110.12-13

  • On the base 109.88 30DMA, early low of 109.89: Aug 24 109.41 low key supp.

    For more click on FXBUZ







USD/JPY daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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