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Thomson Reuters
Sep 28 - 03:48 PM
USD/JPY - Very Bullish Quarterly Close For USD/JPY, 115.00S On Tap
First appeared on eFXplus on Sep 28 - 02:35 PM
  • USD/JPY to close qtr above 200-WMA, L-T 61.8% & monthly Cloud top
  • Day's range above 61.8% of 2016-18 drop at 113.27, now support
  • Big Japanese demand for Treasuries after recent yld rise, Fed hike
  • That demand, and Italy derisking, slowing Tsy-JGB spread rise
  • JP FY H2 starts with strong bullish momentum, N225 @27-year high
  • Fed seen careful about not tightening so fast as to tank markets
  • BOJ befuddled as to how to sunset QQE w core CPI near 0, not 2%
  • Tankan, PMIs & ISM key before next Friday's US jobs report

Chart: Click here

Chart: Click here

Source:
Thomson Reuters IFR Markets

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