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Jan 08 - 06:55 AM

USD/JPY - Bulls Eye A Break Above The Daily Cloud

By Martin Miller  —  Jan 08 - 04:43 AM
  • USD/JPY saw a big rise Thurs and daily close above the kijun line at 103.59

  • That has put the near-term focus on daily cloud that spans 104.33-65 region

  • A break and daily close above the cloud would accelerate further up

  • As the tenkan and kijun lines are negative aligned, bulls should be mindful

  • EUR/JPY has seen 126.99-127.46 EBS range so far on Friday

  • USD/JPY Trader TGM2336. Previous update nL1N2JI0JJ

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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