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Nov 03 - 04:55 PM

USD/JPY - Nearly Flat After Strong U.S. Data, As-Expected Fed

By Randolph Donney  —  Nov 03 - 03:09 PM

  • USD/JPY little changed and centered on sideways tenkan at 113.85

  • Second doji candle in a row despite strong US data nL1N2RU1LD

  • Fed launches expected taper, remains cautious on rate hikes nL1N2RT12T

  • Fed still with more room to raise rates than immobile BOJ

  • Primary uptrend consolidating after holding Fibo props, 21-DMA

  • May need stronger payrolls data Friday to test 114.695 trend high

  • Also have Nov 2017 high at 114.74 on EBS and hurdles at 115

  • Upcoming options expiries either side of 114 through next week

    For more click on FXBUZ

Chart Click here

Refinitiv IFR Research/Market Commentary


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