By Martin Miller — Jan 20 - 04:54 AM
USD/JPY could plummet if kijun line support at 103.50 is broken nL1N2JV0IX
There is talk that sell stops are building below the kijun line
Japanese exporter offers from 104.00 upwards helping to limit the upside
USD/JPY sees a 103.72-97 range so far, according to EBS prices Wednesday
Meanwhile Japanese importer, investor and other bids trail down from 103.50
USD/JPY, EUR/JPY relationship weak, 30-day log correlation well under +0.50
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Source:
Refinitiv IFR Research/Market Commentary