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Thomson Reuters
Jan 01 - 08:36 PM
USD/JPY - Bid At The Open - Early 2019 Risk Appetite Pivotal
First appeared on eFXplus on Jan 01 - 05:00 PM
  • +0.2% early, bargain hunting, after Monday's 0.7% fall, with UST yields
  • Risk off and softer outlook for global growth and UST yields weigh
  • Tokyo holiday today and tomorrow will reduce interest and liquidity
  • Major long term support at 109.55/65 - 109.65 weekly cloud top
  • Been above the cloud since July - 109.55 is 50% of the 2018 bounce
  • NY 109.56/110.05 range is initial support resistance - should be quiet

jpy jan 2 Click here

Source:
Thomson Reuters IFR Markets

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