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Nov 21 - 04:55 PM

USD/JPY - Stays In Range Ahead Of Japan CPI Data

By Robert Fullem  —  Nov 21 - 02:15 PM
  • USD/JPY settles in middle of 153.91 to 155.41 range on EBS data as Treasury yield firm and US shares rise following data.

  • Geopolitical risks linked to Ukraine and higher vols send euro-yen down over 1% toward its nearby cloud top of 161.05.

  • USD/JPY supports include the 21-DMA at 153.65 and base line at 152.92.

  • Upper Bollinger of 156.25 is resistance above the 155.41 session high.

  • Japan CPI and PMI data is due on Friday and creates downside risks in pair if BOJ rate hike expectations build.

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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