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Oct 04 - 03:55 PM

USD/JPY - Uptrend Is In MoF And US Data Limbo Below 150 Ahead Of Payrolls

By Randolph Donney  —  Oct 04 - 02:05 PM
  • USD/JPY traded an extremely tight 148.73-9.32 range on EBS Wed

  • Market still traumatized by Tues's 150.165-147.30 post-JOLTS dive

  • MoF intervention suspected, but no officials confirming that

  • Pullback in Tsy yields, mixed US data help keep prices by 149

  • It's been by 149 since rebounding from key 147.30 kijun support Tues

  • Wed's 148.735 low on EBS held the tenkan line there

  • Might take a major jobs report miss to break the kijun support

  • Or a major beat to retest the 150 intervention threat level

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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