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Thomson Reuters
Feb 10 - 08:36 PM
USD/JPY - Starts Slowly, But This Week Potentially Pivotal
First appeared on eFXplus on Feb 10 - 06:30 PM
  • Quiet start for USD/JPY with Tokyo closed for a holiday
  • S/t MAs supportive but rolling over, momentum studies mixed - ntg clear
  • Last week's high at 110.16, 61.8 Fibo at 110.35 clear resistance
  • Rising 10 & 21 DMAs at 109.60/44 support, close below latter bearish
  • Close above 61.8 Fibo or below 21 DMA could see decent move, US yields weigh
  • US-China trade talks in Beijing and US govt shutdown event risks this wee

JPY daily: Click here

Source:
Thomson Reuters IFR Markets

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