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Sep 11 - 03:55 PM

USD/JPY - Support By 21-DMA At 106.06 Holds Despite Late NY Haven Buying

By Paul Spirgel  —  Sep 11 - 01:40 PM
  • USD/JPY ending NY session +0.07% at 106.18; Friday range 106.26-106.08

  • Yen crosses outshine USD/JPY; GBP/JPY soft on Brexit, firm EUR lifts EUR/JPY

  • Steady JP and US rate, inflation and growth views to keep pair contained

  • Dollar struggles for impetus in rangy grind vs yen nL1N2G80WT

  • USD/JPY caught in range b/w 21-DMA (106.06) & 55-DMA (106.41)

  • Pair remains bounded by Aug 28's bear engulfing candle 106.95/105.20

  • Above 106.95 down TL from Mar-Jun high caps by 107.40

  • JP industrial output & Cap U data Mon likely in-court, no boon to USD or JPY

For more click on FXBUZ


JPY Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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