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Jan 02 - 04:55 PM

USD/JPY - Keeps Bullish Bias Amid Dollar Gains, Oil Rise

By Robert Fullem  —  Jan 02 - 01:48 PM

• USD/JPY settles near 157.85 day's high amid dollar gains, oil surge

• The dollar index posted a new 2-year high in thin markets

• Trsy yields are largely unchanged after upbeat US jobless claims data

• USD/JPY congestion between 157.80 and the 158.09 Dec. high halts advance

• Weekly cloud top at 155.62 buoys beneath 156.81 9-day EMA, 156.44 day's low

• GBP/JPY is sharply lower after UK PMI, slides below 200-DMA and 21-DMA

• US ISM data slated for Friday
yen


(Robert Fullem is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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