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Thomson Reuters
Nov 28 - 07:24 AM
USD/JPY - FX Traders Keep Piling Into USD/JPY As Powell Speech Nears
First appeared on eFXplus on Nov 28 - 05:30 AM
  • EBS flow data shows USD/JPY has been capped despite solid London buying Wed
  • USD/JPY closed just one pip above a key Fibonacci level
  • That means USD/JPY technicals are bullish as Fed Chair Powell speech nears
  • But large, some option-related, offers weigh up to 114.00. Stops above
  • Near 2 yards of 114.00 NY cut expiries, 1.5 yards between 113.50-55
  • Fed Chair Powell scheduled to address an Economic Club of NY on Wednesday

EBS Flow Data Chart: Click here

Source:
Thomson Reuters IFR Markets

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