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Jan 16 - 09:55 PM

USD/JPY - Dips To 154.98 Before Moving Back Above 155.00

By Haruya Ida  —  Jan 16 - 08:57 PM

• Specs hunting for stops took USD/JPY to 154.98 after today's Tokyo fix

• The market has since bounced back above 155.00 on good bids in the area

• Some of the bids on massive $2.1 bln in options expiries at strike today

• Market likely to remain heavy on easier US yields, BOJ hike speculation

• More support below at 154.64 ascending 55-HMA

• Resistance around 155.50, site of $958 mln option expiries today too

• Descending hourly Ichimoku kijun at 155.75 above

• Related , for more click on [FXBUZ]

USD/JPY hourly:


(Haruya Ida is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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