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Oct 29 - 04:55 PM

USD/JPY - Lifted To Middle Of Late-October Correction By Fed-Hike Favoring Data

By Randolph Donney  —  Oct 29 - 02:41 PM

  • USD/JPY up to 114.095 on EBS after strong U.S. data nL1N2RP1Y8

  • Gains limited by Tsy curve flattening, early yield rises pruned later

  • Prices coming off Thur's low just above key 113.21 supports

  • That might have completed the overdue correction from O/B Oct highs

  • Focus now on ISMs, ADP into Wednesday's Fed meeting

  • USD/JPY needs a range above tenkan by 114 to target the 114.695 peak

For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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