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Thomson Reuters
Nov 05 - 08:36 AM
USD/JPY - Traders Build As Tuesday's U.S. Mid-Term Elections Loom
First appeared on eFXplus on Nov 05 - 06:25 AM
  • USD/JPY bulls eye Fibo after biggest one-week rise since July
  • Market closed up 137 pips last week on EBS, most since week ending July 13
  • Mon's range a modest 113.11-113.33 range, as U.S. mid-term elections loom
  • EBS flow data: some new USD/JPY longs have been reestablished since Oct. 30
  • USD traders slowly tightening grip against yen, positions show
  • Near-term offers from Japanese exporters and others trail up, enough to cap

EBS Flow Data: Click here

Source:
Thomson Reuters IFR Markets

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