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Nov 02 - 08:55 PM

USD/JPY - Better Bid As Risk Mood Makes A Tentative Recovery

By Krishna K  —  Nov 02 - 07:50 PM
  • USD/JPY trades in narrow 104.65-104.79 range Tues; Japan closed for holiday

  • Boosted by rally in risk assets; markets recover from last week's swoon

  • Traders take to sidelines as they await outcome of Tuesday U.S. election

  • Poll show Biden ahead but battleground states remain tightnL1N2HO504

  • No immediate winner in presidential race could shake markets, boost JPY

  • JPY also supported by resurgence in COVID-19 cases in Europe and U.S.A.

  • Resistance 105.00-05, 105.30, support 104.50, 104.20-25

  • For more click on FXBUZ


Global markets since Trump's election: Click here

Source:
Refinitiv IFR Research/Market Commentary

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