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Thomson Reuters
Dec 24 - 12:12 AM
USD/JPY - =Recovers From Early Losses In Quiet Trading
First appeared on eFXplus on Dec 23 - 09:40 PM
  • USD/JPY fell to 110.81 in early trading after weekend news unsettled
  • US government closure and reports Trump mulling Powell firing weighed
  • S&P futures bounce from -0.25% to +0.50% helped USD/JPY recover 111.00
  • Bounce due to report Mnuchin contacting 'Plunge Protection Team'
  • Support at 38.2 fibo of the entire 104.56/114.53 move at 110.72
  • Resistance at Friday's 111.46 high and break eases downward pressure

usd/jpy Click here

Source:
Thomson Reuters IFR Markets

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