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Thomson Reuters
Jan 28 - 03:48 PM
USD/JPY - Bracing In Case Of More Bad News This Week
First appeared on eFXplus on Jan 28 - 01:30 PM
  • USD/JPY at lower end of recent 109.14-110 range pre key event risks
  • More major US earnings reports, FOMC, trade talks & NFPs still ahead
  • Sell-off aggravated by bearish Caterpillar outlook nL1N1ZS0LF
  • Lower stocks, Treasury yields weigh; bids 109.00-15, stops below
  • Close below daily tenkan 109.18 would be bearish
  • Lift from early Jan oversold readings gone, no 30-DMA+ closes since
  • January 10 low and kijun at 107.77/75 next targets on sub-109 close

Chart: Click here

Source:
Thomson Reuters IFR Markets

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