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Thomson Reuters
Sep 05 - 07:24 AM
USD/JPY - Bias Remains On The Upside, Buy Stops Above Eyed
First appeared on eFXplus on Sep 05 - 05:45 AM
  • USD/JPY registered the biggest one-hour gain of September (so far) in Asia
  • Spot was up on Gotobi Tokyo fix demand, taking out 111.55-60 supply
  • Stops clustered above the 111.52 cloud top were triggered, more above 112.00
  • Range has been 111.40-111.71 so far Wed, offers said between 111.80-112.00
  • Bulls need a daily close above the cloud top to expose key Fibo
  • USD/JPY will likely recover this week despite trade tensions

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Source:
Thomson Reuters IFR Markets

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