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Nov 03 - 10:55 PM
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USD/JPY - Charging Lower, Japanese Exporters, Midterm Results
By Haruya Ida — Nov 03 - 08:36 PM
• Presumed Japanese exporter and other sales sending USD/JPY lower
• From an early high of 158.72, USD/JPY off to 158.03 EBS, 158 break soon?
• US midterm elections going the Democrat way so far, seen bad for stocks
• JPY haven demand? Recent USD longs getting out?
• USD/JPY maybe heading for rendezvous with 100-HMA at 157.85
• Hourly Ichimoku cloud below between 157.48-76, 200-HMA 157.62 in cloud
USD/JPY hourly:
E-Minis Index:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters