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Thomson Reuters
Apr 05 - 02:36 AM
USD/JPY - Gently Bid Ahead Of US Payrolls
First appeared on eFXplus on Apr 04 - 11:05 PM
  • USD/JPY traded up to 111.80 on positive US-China trade comments nL3N21N04X
  • Reaction limited and price settling around 111.70 into the afternoon
  • US payroll data later today should establish direction nL1N21M0M2
  • Resistance @ March 5 trend high @ 112.13 and break should see follow-through
  • Support at 111.00/10 where the 10 & 21-day moving averages converge

usd/jpy Click here

Source:
Thomson Reuters IFR Markets

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