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Mar 26 - 05:55 AM

USD/JPY - Recent USD/JPY Candlesticks Highlight A Downside Rejection

By Martin Miller  —  Mar 26 - 03:45 AM
  • Long tails on recent daily candlesticks points a rejection of the downside

  • Scope is growing for much bigger gains to 2023/2022 151.92/94 peaks

  • Fourteen-day momentum has been positive since last week

  • Spot continues to trade above kijun line, currently has risen to 149.17

  • EUR/JPY has seen a 163.98-164.21 range, on Tuesday, EBS data shows

  • USD/JPY Trader TGM2336. Previous update nL2N3G30EH

Source:
Refinitiv IFR Research/Market Commentary

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