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Nov 22 - 07:24 AM
USD/JPY - Propped By Buoyant Equities For Now
First appeared on eFXplus on Nov 22 - 05:10 AM
  • USD/JPY seen as being supported by a positive Nikkei, other indices

  • USD/JPY's "hammer" on Thur a sign downside is being rejected nL2N282060

  • Spot trades a narrow 108.52-71 Friday range, according to prices on the EBS

  • Talk of offers just above 108.70 and possible bids under 108.30

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are +0.64/+0.65

  • Senior China diplomat urges U.S. to meet China halfway nB9N27M02N

Daily Ichimoku Chart: Click here">135: Click here

Source:
Refinitiv IFR Research/Market Commentary

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