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Nov 18 - 05:55 AM

USD/JPY's Bullish Bias Remains Intact As BOJ Vague On Timing

By Martin Miller  —  Nov 18 - 03:45 AM
  • BOJ Gov Ueda flags gradual hikes, but vague on timing nL4N3MP04U

  • USD/JPY higher from 153.84 to 155.14, on Monday, EBS data shows

  • Recall spot broke above the 156.68 Fibo, Friday, but failed to close above

  • 156.68 Fibo is a 76.4% retrace of the 161.96-139.58 (July to Sept) EBS drop

  • Spot bias remains positive despite the potential 'bull trap' nL1N3MP07O

  • EUR/JPY has seen a 162.29-163.47 range, so far, on Monday

Source:
Refinitiv IFR Research/Market Commentary

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