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Thomson Reuters
Aug 06 - 03:48 AM
USD/JPY - Consolidates In Asia As Risk-On Underpins
First appeared on eFXplus on Aug 05 - 11:00 PM
  • USD/JPY tried to move lower in early Asia and traded to 111.12 at one stage
  • Buyers ahead of 111.00 and a buoyant/risk on session in equities underpinned
  • USD/JPY moving is above 111.30 heading in to the afternoon session
  • Support for USD/JPY at the 55-day MA (110.66)- which has held since April 17
  • Resistance @ 61.8 of 113.18/110.58 move validated by post-BOJ high at 112.15

usd/jpy Click here

Source:
Thomson Reuters IFR Markets

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