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Thomson Reuters
May 15 - 08:36 PM
USD/JPY - 110 & 200 DMA Broken - Awaiting Tokyo's Response
First appeared on eFXplus on May 15 - 06:25 PM
  • Flat pre Tokyo, closed +0.7%, as USD moved higher with 10yr 3.07% UST yields
  • Horizontal Tenkan & Kijun lines do not support a trending move
  • Close above 110.17 200 DMA, first since January is positive
  • 110.48 Feb high & 110.50 590M strikes capped & initial resistance
  • 109.87 NY low then 109.82 London base support - Tokyo usually counter trade
  • Q1 GDP leads data - polls - Click here

jpy may 16 Click here

Source:
Thomson Reuters IFR Markets

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