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Sep 05 - 07:24 AM
USD/JPY - Will Likely See A Bigger Rise With US-China Trade Hopes
First appeared on eFXplus on Sep 05 - 05:15 AM
  • China, U.S. to hold trade talks in October nL3N25W0JF
  • Japanese yen fell, Chinese yuan jumped on US-China trade hopes nL5N25W1TO
  • USD/JPY sees a 106.33-106.75 range Thursday, according to prices on the EBS
  • But bulls need a 106.89 kijun break to unlock 107.49 Fibo
  • Large offers said up to 106.80 in size, including from Japanese exporters
  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are +0.79/+0.69

Daily Fibo Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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