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Thomson Reuters
Jan 28 - 07:24 AM
USD/JPY - Down As FX Traders Nervous Ahead Of U.S.-China Talks
First appeared on eFXplus on Jan 28 - 05:15 AM
  • Traders anxiously await news from U.S.-China talks on Tues, Wed nL3N1ZO34H
  • Wednesday's FOMC rate decision also looms large over the market
  • Nervous trading caused spot to slip from 109.59 to 109.26 (EBS) on Monday
  • Bulls tighten their grip with 7 daily closes in a row above the 109.16 Fibo
  • 109.16 Fibo is a 50% of the 114.21 to 104.10 (November to January) EBS fall
  • But there is solid supply at 110.00, last week's peak, which limits upside

USD/JPY Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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