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Feb 01 - 07:55 AM

USD/JPY - Remains Stuck In A Rut Ahead Of The US Jobs Report

By Martin Miller  —  Feb 01 - 05:35 AM
  • FX traders eye 146.00-148.00 core range into key U.S. jobs data nL1N3EM08Z

  • USD/JPY has seen a 146.48-147.07 range, on Thursday, EBS data shows

  • Spot found support at 146.01 on Wednesday, after the Fed, before rebounding

  • Daily chart shows USD/JPY remains stuck in a vice-like grip nL1N3EM0Q5

  • 30/60-day correlations between USD/JPY and EUR/JPY are both above +0.70

  • USD/JPY and EUR/JPY markets are moving in tandem with each other

Source:
Refinitiv IFR Research/Market Commentary

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