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Dec 30 - 05:55 AM

USD/JPY - Underpinned By Market Optimism; Eyes 2021 High

By Peter Stoneham  —  Dec 30 - 04:11 AM
  • Improved appetite for risk weighing on the yen

  • Positive sentiment despite Evergrande missed coupon payment nL1N2TF01X

  • USD/JPY hits a one-month high at 115.20 and eyes 115.52 Nov and 2021 high

  • Wed's bullish outside day and engulfing candle add fuel to the trend

  • Unlikely to see a marked move above 115.52: techs begin to weigh in Jan

  • Rising Ichimoku cloud peaks at 114.34: declines into Jan

  • Jan 26 cloud twist below market at 113.85-87 could have influence

  • Cloud likely to prove pivotal in terms of early 2022 direction

    For more click on FXBUZ







USD/JPY daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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