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Aug 13 - 11:00 PM
USD/JPY - Sellers Lead In Tokyo - Surprise Strong Data
First appeared on eFXplus on Aug 13 - 09:25 PM
  • -0.3% as Tokyo exporters dominate morning flows after closing +1.4%
  • Nikkei up 1%, back at the open, after a dip - E-mini S&P +0.1%
  • Unexpected 13.9% jump in the volatile machinery orders nL4N2580OH
  • Global growth outlook remains fragile, so data a welcome surprise
  • 5, 10 & 21 daily weekly and monthly moving averages track south
  • Bearish trending setup targets the 104.10 flash crash low in January
  • Close above last week's 107.11 high would undermine the bearish bias

jpy aug 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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