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Sep 14 - 04:55 AM

USD/JPY - Contained Within 30-Day Lower And Upper Bollinger-Bands

By Martin Miller  —  Sep 14 - 02:40 AM
  • USD/JPY has been stuck in a narrow multi-week 108.73-110.80 range

  • No sign of a breakout in either direction in the near-term

  • Contained within 30-day bollinger-bands, at 109.24 and 110.57 respectively

  • There has been solid resistance at 110.45, September's peak

  • 110.45 high at risk to some extent due to 14-day positive momentum reading

  • USD/JPY Trader TGM2336. EUR/JPY EBS range has been 129.65-85

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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