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Dec 31 - 05:55 AM

USD/JPY - Could Challenge November High Before Year Is Out

By Peter Stoneham  —  Dec 31 - 03:34 AM
  • Possibly a tall order but November's 115.52 high is being reined in

  • Dollar winning the flow battle amid a thin year end market

  • Fourth week of USD/JPY gains from 112.54 December low

  • High of 115.20 so far in December and this likely to be bettered

  • Big lvls at 118.66 Dec 2016 high and 119.52 76.4% Fibo early 2022 targets

  • Economic optimism leaning on the JPY: U.S data cited nL1N2TF0OH

  • However, market growth optimism could be dashed by on-going Omicron surge

    For more click on FXBUZ







USD/JPY monthly candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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