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Jul 07 - 04:55 PM

USD/JPY - Little Worse For The Wear After Fed Minutes' Taper Talk

By Randolph Donney  —  Jul 07 - 03:02 PM
  • USD/JPY traded 110.40-81 on EBS, shade softer after Fed minutes

  • No major policy shift gleaned from the minutes, taper on M-T horizon

  • Low probed kijun, last week's lows at 110.42-43, close below would weaken

  • Primary uptrend intact while above 110, the weekly tenkan

  • Close above daily tenkan at 111.03 is key to resume rise to 111.66 peak

  • Risk flows a bit steadier today, trims yen haven demand a bit

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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