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Jan 04 - 11:55 PM

USD/JPY - Offered In Asia After Wednesday's Rebound

By Andrew M Spencer  —  Jan 04 - 10:15 PM

  • Off 0.45% in Tokyo, counter trading Wednesday's bounce - =USD down 0.5%

  • Yen crosses retreated, EUR/JPY -0.4%, AUD/JPY -0.7% and GBP/JPY -0.55%

  • BOJ to raise forecasts for key inflation gauge - sources nL4N33P3AS

  • Charts; momentum studies conflict, 21 day Bollinger bands head lower

  • 5, 10 & 21 DMAs fall, Tenkan and Kijun lines slip - downside bias holds

  • 133.84 falling Kijun line capped in December - remains pivotal resistance

  • Tokyo 131.69 low and this week's 129.51 trend low are initial supports

  • 132.58 Tokyo high then 132.71 NY top are first resistance

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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