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Nov 28 - 05:00 AM
USD/JPY - HK Tensions, U.S.-China Trade Concerns, Limit USD/JPY's Upside
First appeared on eFXplus on Nov 28 - 02:45 AM
  • USD/JPY's 2nd biggest Nov gain clears key Fibo, unmasks 110 nL1N28803J

  • But HK tensions, U.S.-China trade concerns, limiting USD/JPY's rise

  • Worries about U.S.-China relations boost safe havens nL4N28814H

  • The U.S. HK human rights bill, signed by Trump, could hamper trade war

  • USD/JPY trades a narrow 109.34-109.58 range, according to prices on the EBS

  • Wed's close was above 109.37: 61.8% of the 112.40-104.46 (April-August) drop

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are +0.62/+0.66

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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