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Mar 14 - 06:55 AM

USD/JPY - Trading Persists Under The Kijun Line, A Major Level

By Martin Miller  —  Mar 14 - 05:25 AM
  • USD/JPY bias on the downside as fourteen-day momentum remains negative

  • Scope for an eventual drop into the daily cloud that now spans 144.88-146.93

  • Spot continues to trade under the daily kijun line, at 148.68 = bearish

  • Daily kijun, the midpoint of the last twenty-six days, is at 148.68

  • We are short at 147.60 for losses to 145.60, while our stop is at 148.70

  • EUR/JPY has seen a 161.57-90 range, on Thursday, EBS data shows

  • USD/JPY Trader TGM2336. Previous update nL2N3FR0O4

Source:
Refinitiv IFR Research/Market Commentary

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