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Sep 02 - 04:55 AM

USD/JPY - Has Conflicting Signals On The Daily Chart

By Martin Miller  —  Sep 02 - 03:05 AM
  • USD/JPY trading above the tenkan line, currently at 145.18, is quite bullish

  • While August 21 146.90 peak remains intact, however, expect spot to relapse

  • 14-day momentum remains marginally negative, highlighting the downside risk

  • Our 146.40 offer has been filled and we hope for an eventual relapse

  • USD/JPY trader TGM2336. Previous update nL1N3KD069

Source:
Refinitiv IFR Research/Market Commentary

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