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Thomson Reuters
Apr 29 - 09:48 PM
USD/JPY - Likely Risk Led - 111.50 200 DMA Still A Magnet
First appeared on eFXplus on Apr 29 - 07:45 PM
  • Flat after closing a shade firmer with JPY crosses, EUR/JPY & AUD/JPY +0.4%
  • A second inside day, as Golden Week continues - likely risk led in Asia
  • 110.95/00 500M, 111.30 315M, 111.75 222M and 112.00 705M are close strikes
  • Horizontal Tenkan line & rising Kijun lines are a modest positive setup
  • 111.50 flat lining 200 DMA has been a magnet since early March
  • NY 111.64/111.90 range is initial support/resistance

jpy apr 30 Click here

Source:
Thomson Reuters IFR Markets

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