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Thomson Reuters
Mar 12 - 07:24 AM
USD/JPY - Brexit Hopes Lift USD/JPY, But That Sentiment Could Turn
First appeared on eFXplus on Mar 12 - 05:50 AM
  • USD/JPY sees a Tuesday rise from 111.20 to 111.46, according to EBS prices
  • Yen weakens as broader market sentiment improves nL8N20Z1H0
  • Sentiment sees equities soar, Nikkei 225 index closed up 1.79%
  • Technically bulls may be gearing up for a charge at a key Fibo nL1N20Z05S
  • That would be helped if there is a daily close back above 200-DMA at 111.42
  • Bad news on Brexit could see risk aversion rise, flows back out of USD/JPY

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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