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Nov 02 - 09:55 PM

USD/JPY - Range Extends, Steady After Offshore Yen Strength

By Andrew M Spencer  —  Nov 02 - 07:54 PM

  • Flat - closed -0.05%, capped by softer UST yields, despite the firmer USD

  • JPY crosses slumped, AUD/JPY -1.25%, EUR/JPY -0.3% and GBP/JPY -0.4%

  • Bank holiday in Tokyo, so the USD and risk appetite will probably lead

  • Charts show choppy consolidation below 114.69 October high continues

  • Horizontal Tenkan and Kijun lines support further range trading

  • 113.26 late October base and 114.69 October high define range

  • 113.46 London low and Tokyo's 114.13 high Tuesday first support resistance

For more click on FXBUZ


jpy Nov 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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