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Thomson Reuters
Jul 25 - 11:00 PM
USD/JPY - On Back Foot Into Asia, Tokyo Fix Sales
First appeared on eFXplus on Jul 25 - 09:25 PM

  • USD/JPY down from 111.08 high late New York/very early Asia
  • To 110.70 so far, USD broadly weak despite high US yields
  • US Treasury 10s @2.968%, off touch from earlier, Nikkei in black, small
  • Offers from @111.00, tech resistance from 111.02 flat hourly Ichi kijun
  • Option expiries to help cap, total USD646 mln 110.90-111.00
  • Support from 110.65-70, 110.65 low in New York, ascending 55-DMA 110.51.

USD/JPY daily: Click here

USD/JPY hourly: Click here

Source:
Thomson Reuters IFR Markets

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