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Mar 17 - 03:48 PM

USD/JPY - Bullish Session Faces 200-DMA, March Highs Next

By Randolph Donney  —  Mar 17 - 02:50 PM
  • USD/JPY still rebounding from profoundly oversold March 9 low

  • Prices are set to close above Monday's high at 107.56

  • Friday's 108.50 high on biggest rise since '08 is back in play

  • Close above the 200-DMA and March's high at 108.25/57 is key

  • 76.4% of 112.23-101.18 February-March drop is at 109.62

  • First day wholly above 10-DMA since Feb. 21's 111.47-2.19 range

Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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