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Nov 28 - 07:55 AM

USD/JPY - FX Traders Take USD/JPY Higher, Spot Near 200-DMA Resistance

By Martin Miller  —  Nov 28 - 05:35 AM
  • Yen slips on Thursday but remains on course for a weekly jump nL2N3MZ048

  • USD/JPY staged a recovery from 150.94 to 151.95, on Thursday, EBS data shows

  • Traders have taken spot close to solid resistance at 200-DMA, now at 152.00

  • EBS flow data shows sustained USD/JPY buying since Wed's 150.45 low in NY

  • There are signs the uptrend has likely come to an end nL2N3MZ07B

  • USD/JPY could well relapse to eventually probe 150 nL2N3MY0CY

  • EUR/JPY has seen a 159.51-160.30 range, so far on Thursday

  • BOJ's retreat from low rates heightens Japan's debt troubles nL2N3MZ04U

Source:
Refinitiv IFR Research/Market Commentary

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