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Nov 20 - 06:55 AM

USD/JPY - Rebound From Tuesday's Russia Induced Low Far From Over

By Martin Miller  —  Nov 20 - 04:40 AM
  • USD/JPY's Tuesday candle points to a downside rejection nL1N3MR06U

  • Spot rebounds from Tuesday's Russia news induced 153.28 low nL1N3MR03X

  • The recovery continues from 154.55 to 155.85, on Wednesday, EBS data shows

  • December BOJ dominates JPY options as Russia concerns fade nL1N3MR09V

  • USD/JPY's 'V' wave 161.96 target could be a challenge for Japan nL1N3MM0B2

  • The correlation between USD/JPY and EUR/JPY remains quite high

Source:
Refinitiv IFR Research/Market Commentary

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