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Thomson Reuters
Dec 31 - 02:36 AM
USD/JPY - Edges Higher On Positive Risk Appetite
First appeared on eFXplus on Dec 30 - 10:15 PM
  • USD/JPY edges 0.14% higher in quiet trade with Tokyo closed for holidays
  • Range in Asia 110.28/47, last at the highs on hopes for US-China trade talks
  • Trump tweets "big progress" on possible China trade deal - E-minis up 0.8%
  • Support for USD/JPY remains between last week and Nov's lows @ 110.00/109.77
  • Resistance at 10 DMA at 111.13, recent 111.41/46 highs
  • S/t MAs and momentum studies bearish, close above 10 DMA neutralises outlook

JPY daily: Click here

Source:
Thomson Reuters IFR Markets

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