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Sep 06 - 08:55 PM

USD/JPY - Wary Start On Subdued Risk Mood, Early Election Talk

By Krishna K  —  Sep 06 - 06:55 PM
  • USD/JPY starts week cautiously, trades a 106.22-106.27 range early Monday

  • Trades in relatively narrow 106.06-106.50 band Fri despite Wall St gyrations

  • Resilience to risk selloff encourages USD bulls; higher lows form

  • Senior Japan ruling party member suggests early election -media nL4N2G302C

  • Japan's Suga signals ultra-easy monetary policy to continue nL4N2G2053

  • U.S. holiday Monday to dampen trading activity; S&P E-Mini down 0.6% in Asia

  • Support 106.00, 105.80-85, 105.60-65; resistance 106.50-55, 106.90-107.00

  • For more click on FXBUZ


Can Suga keep Abenomics flowing?: Click here

Source:
Refinitiv IFR Research/Market Commentary

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