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Dec 29 - 08:36 PM
USD/JPY - North Korea Back On The Radar, As 109.75 Caps
First appeared on eFXplus on Dec 29 - 07:05 PM
  • Trades flat at 109.46, ahead of a week long break for Japanese banks

  • 275M 109.48/109.50 and 273M of 110.00 are the close option strikes

  • Consolidation below 109.75 has been the major feature in December

  • Hopes of a signed US-China trade deal continue to provide support

  • North Korea missile tests back onto the radar, may cap risk nL4N2930AP

  • Horizontal Tenkan and Kijun lines suggest further choppy consolidation

  • Rising daily cloud provides underlying support this week

  • 108.73 December high and 109.08 Kijun line should contain

jpy dec 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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