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Thomson Reuters
Sep 10 - 03:48 PM
USD/JPY - Left Out Of The Brexit Hope Rerisking Rally
First appeared on eFXplus on Sep 10 - 02:20 PM
  • Very tight 111.03-19 NY range for USD/JPY by 110-200-HMAs
  • No follow-through rally off strong Fri US jobs data
  • Needs a close above 111.88, below 100-DMA to trend again
  • Fears of big, new U.S. tariffs on China still looms
  • GBP/JPY & EUR/JPY big gainers on hopeful Barnier comments
  • Tumbling BTP yields, 2.3% MIB rally boosting EUR/JPY
  • EUR/JPY rebounding off 50% retrace of Aug-Sept rise
  • GBP/JPY off similar retracement support

Chart: Click here

Chart: Click here

Source:
Thomson Reuters IFR Markets

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