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Feb 10 - 11:00 PM

USD/JPY - Touch Firmer With Risk As New Virus Cases Slip

By Andrew M Spencer  —  Feb 10 - 09:45 PM
  • Up 0.1% with risk as stocks climb, AsiaxJP +0.9% and E-Mini S&P +0.3%

  • China reports record daily death toll, but new cases fell nL4N2AB02I

  • N.Korea 2019 nuclear missile programs in breach of sanctions UN nL1N2AA1OE

  • USD/JPY trapped between strong USD and subdued virus led risk appetite

  • USD trends higher, backed by resilient data, providing underlying support

  • Horizontal Tenkan & Kijun lines do not suggest a trending market

  • Earlier 109.74 low and 110.00 500M strikes initial support-resistance



jpy 2 feb 11 Click here

Source:
Refinitiv IFR Research/Market Commentary

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