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Sep 24 - 03:55 PM

USD/JPY - Soft Heading Toward Close As US Yields Ease

By Robert Fullem  —  Sep 24 - 02:40 PM
  • USD/JPY grinds toward bottom of 143.375-144.68 day's range as Treasury yields ease

  • Pair is currently forming a bullish inverted hammer though series of highs near 144.50-70 caps

  • Resistance seen at 144.86, a 23.6% Fibo 161.96-139.58 drop, and 145 psychological level

  • Eyes 142.97 9-day exp. MA on further losses ahead of the Sept. 17 high of 142.43 and 141.75/80 support zone

  • Yen implied volatility curve flattens with front-end buoyed by LDP election, US data risks

  • Upcoming Japan data includes services PMI, chain store sales

  • Pair may also be impacted by quarter-end and gotabi flows



For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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