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Thomson Reuters
Dec 31 - 05:00 AM
USD/JPY - Trump's China Comments Unlikely To Stem The USD/JPY Bleed
First appeared on eFXplus on Dec 31 - 03:05 AM
  • Outlook negative after last week's recovery failed ahead of the 111.42 Fibo
  • 111.42 Fibo level is a 38.2% retrace of the 113.71 to 110.00 recent drop
  • Downside risk grows for losses under December's 110.00 low
  • Market edges lower from 110.47 in Asia to 110.24 (EBS) on Monday
  • Trump says "big progress" on possible China trade deal nL1N1YY055
  • Sources: Trump tweets may have overstated US/China trade progress - WSJ

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Source:
Thomson Reuters IFR Markets

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