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Dec 02 - 04:55 PM

USD/JPY - Trying To Find Its Rates And Risk-On Footing Amid Omicron

By Randolph Donney  —  Dec 02 - 02:45 PM

  • USD/JPY up after Fed's Bostic says economy, markets can handle taper, hikes

  • More historically tight US labor data pre-payrolls nL1N2SM2MS props

  • Bostic comments tamed bear curve flattening, lifted stocks nL1N2SN1QG

  • USD/JPY up from 112.71 NY low to 113.33 high on Bostic, strong data

  • Pending bullish engulfing candle if closes above Wed's 113.02 open on EBS

  • Omicron and correction of o/b condition low at 112.535 by 23.6% of '21 range

  • But tenkan and kijun at 114.03 (50% of 115.525-2.535 drop) are key hurdles

    For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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