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Sep 24 - 04:55 PM

USD/JPY - Fights To A Midrange Draw As Stocks Hold Week's Lows

By Randolph Donney  —  Sep 24 - 02:40 PM
  • USD/JPY's 105.53 EBS high at the 50% Fibo of August-September slide

  • Leaves the two haven currencies back on a flatter footing

  • Disappointing claims kept Treasury yields under wraps nL2N2GL0N5

  • Pair driven mostly by dollar index, which hit an ABC rebound target

  • Nasdaq futures bounced just above Monday's correction lows, dimmed USD

  • Still plenty of uncertainty. A 105.53+ close would eye 55-DMA at 106.05

  • May be some room for 1-wk vols to rise into Tuesday's debate nL2N2GL0R5

  • For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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