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Jul 28 - 01:55 AM

USD/JPY - Steady As COVID-19 Cases Spike - Charts Support

By Andrew M Spencer  —  Jul 27 - 11:37 PM

  • Steady in a 109.75-109.91 range - USD also little changed - Nikkei -1.1%

  • Japan gov't ministers share urgency over record COVID spike nT9N2OR00Y

  • BoJ July minutes confirmed that stimulus will be maintained nL4N2P402N

  • Charts; Tuesday's dip entered the cloud - 109.29-110.01 parameters today

  • Horizontal Tenkan and Kijun lines suggest consolidation rather than a trend

  • Rising cloud contained in mid July and should do so again

  • NY 109.58 low and London 110.17 top initial support resistance

For more click on FXBUZ























jpy 2 jul 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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