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Nov 03 - 05:55 PM

USD/JPY - Stuck In A Range, Watches The World Go By

By Krishna K  —  Nov 03 - 05:35 PM
  • USD/JPY opens down 0.25% after trading a narrow 104.80-104.43 range Tuesday

  • Capped by expectations of U.S. fiscal stimulus once U.S. election is decided

  • Supported by buoyant risk mood as investors sense decisive election outcome

  • Biden win, "blue wave" priced in; contested result will increase volatility

  • Fed concludes 2-day meeting Wednesday; U.S. jobs data in focus Friday

  • Resistance 104.80, 105.00-05, support 104.25-30, 104.00-05

  • For more click on FXBUZ


Trump timeline: Click here

Source:
Refinitiv IFR Research/Market Commentary

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