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Oct 11 - 07:55 PM

USD/JPY - Marked Up In Early Asia But Strong Resistance Looms

By Krishna K  —  Oct 11 - 05:55 PM
  • USD/JPY opens 0.2% higher, gaps up to 105.82 from NYK close of 105.60

  • Up on broad USD strength on PBOC move to slow pace of yuan gainsnL4N2H1080

  • Prospect of limited U.S. relief bill also boosts USD nL1N2H206L

  • Strong risk appetite supports; attention turns to U.S. Q3 earnings results

  • Upside limited, bets on Biden win lead to optimism on greater U.S. stimulus

  • U.S. Columbus Day holiday Monday likely to keep trading activity subdued

  • Strong resistance at 106.10-25, support 105.45-50, 105.25-30

  • For more click on FXBUZ


Betting markets : Biden's lead: Click here

Source:
Refinitiv IFR Research/Market Commentary

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