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Aug 09 - 01:55 AM

USD/JPY - Recovers Early Losses, Despite The Softer Nikkei

By Andrew M Spencer  —  Aug 09 - 12:00 AM

  • Touch softer at 134.92, after a 134.67-135.05 range, recovering early losses

  • Nikkei -0.8%, on subdued earnings, grim gaming sector outlook nL1N2ZL049

  • Kishida likely to move trade minister in reshuffle this week nL1N2ZK2FF

  • Charts: Friday's rejection of the rising daily cloud was a positive signal

  • 133.94 cloud top then the 133.48 Tenkan line are initial support

  • 135.90 21 DMA and 135.95, 61.8% of the July-August fall first resistance

  • Close above 135.95 Fibo resistance with a rising cloud top would be bullish

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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