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Apr 18 - 05:55 PM

USD/JPY - Turns Down As Dollar Remains Pressured

By Robert Fullem  —  Apr 18 - 03:07 PM

• USD/JPY slips to bottom of 142.13-142.52 range as USD eases in thin market

• Second round of Japan-US trade negotiations next week

• Fed Daly flags inflation risks though stays with couple cuts this year

• WH adviser Hassett said will further examine notion to fire Fed Chair Powell

• Pres Trump says Powell should lower rates, in conversation with China

• Separately, China's cabinet vowed to stabilise employment, foreign trade

• Series of lower daily highs continues to weigh, momentum stalled

• Multiple clouds offer resist. at higher levels

• Supp: 141.62 weekly low; 142.43 Sept 17 high; 140.65 lower Bollinger

• Resist: 143.11, Thsdy high; 143.76 9-EMA, 144.00 Apr 10 low

• IMF/World Bank meeting, Japan PMIs early next week
Yen


(Robert Fullem is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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