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Derived real-time data in partnership with:
Thomson Reuters
May 24 - 02:36 AM
USD/JPY - Teases Negative Chart Cues, 109.55 Support Critical
First appeared on eFXplus on May 24 - 12:50 AM
  • USD/JPY stays soggy at 109.60 even as US yields stage minor bounce
  • UST 10y last at 2.329% vs prev close 2.320%; E-minis +0.3%
  • Japan core CPI rises 0.9% y/y, as expected; little effect on JPY
  • But USD/JPY charts will turn negative pending Fri close below 109.55
  • Weekly Bollinger downtrend channel activated will encourage sellers
  • Weekly Ichimoku Cloud base would also be breached, exposing downside

WeeklyJPY: Click here

Source:
Thomson Reuters IFR Markets

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