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Oct 04 - 03:55 PM

USD/JPY - Uptrend Wobbled By Weaker U.S. Data, MoF Restrained Upside

By Content Admin  —  Oct 04 - 01:40 PM
  • USD/JPY breached the 10-DMA prop at 144.16 after soft JOLTS data

  • First time below 10-DMA since qtr-end post-intervention rebound

  • Prices also unable to post a close above the pivotal 145 level

  • Broader USD risk-on weakness and MoF threat weigh

  • Possible yen repatriation after N. Korean missile launch over Japan

  • ISM non-mfg Wed, NFP Fri eyed after Fed hike pricing peaked in Sept.

  • The 21-DMA and tenkan are next props, last at 143.76/10

  • Good US data and a 145+ close are key to retesting 145.90 EBS peak

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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