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Thomson Reuters
Sep 07 - 12:12 AM
USD/JPY - Up After Early Swoon To 110.38, Bias Still Down
First appeared on eFXplus on Sep 06 - 10:25 PM

  • Trade to weigh on USD/JPY going forward despite bounce from 110.38
  • Retracement high 110.63 EBS so far, bias still down
  • Large, USD852 mln option expiries at 110.50 strike a tether
  • USD1.3 bln at 110.95-111.00 and USD988 mln up at 111.00 to help bracket
  • Techs still bearish with pair below 111.76 Ichi cloud base, 100-DMA 110.52
  • US yields also un-supportive, Treasury 10s still soggy, @2.876%

USD/JPY: Click here

Yield on US Treasury 10s: Click here

Source:
Thomson Reuters IFR Markets

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