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Derived real-time data in partnership with:
Thomson Reuters
Jul 30 - 08:36 PM
USD/JPY - Treads Water With A Neutral Setup Into The BoJ
First appeared on eFXplus on Jul 30 - 06:15 PM
  • Tight range into Tokyo, after closing +0.05% - inside day, caution into BoJ
  • BoJ in a difficult position - inflation f'casts likely lowered nL4N1UQ1PR
  • Horizontal Tenkan & Kijun lines suggest further short term consolidation
  • Close strikes today at 110.50 508M, 111.00 640M & 111.50 425M
  • NY 110.92/111.13 range is initial support/resistance
  • Raft of data today, led by jobs & IP - polls Click here

jpy jul 31 Click here

Source:
Thomson Reuters IFR Markets

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