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Sep 26 - 12:12 PM
USD/JPY - Edges Lower As FX Traders Continue Their Week Long Exit
First appeared on eFXplus on Sep 26 - 10:10 AM
  • FX traders continues their week long exit, according EBS flow data

  • However, bulls could make a fast buck as trade optimism rises nL2N26H066

  • USD/JPY dropped from 107.77 to 107.43 Thurs, but remains above daily cloud

  • Daily cloud support spans the 106.60-107.19 region nL2N26H05Z

  • EUR/JPY range has been 117.53-118.05, correlation with USD/JPY high

  • USD's biggest rise since March puts 2019 peak within reach nL2N26H06W

EBS Flow Data Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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