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Sep 29 - 04:55 PM

USD/JPY - New Pandemic Peak Past 112 Amid Fed-BOJ Mismatch

By Randolph Donney  —  Sep 29 - 02:56 PM
  • USD/JPY's post-Fed surge claims 112, new pandemic recovery high

  • Next long-term resistance is in the 112.23-43 range nL1N2QV1VS

  • Prices overbought on daily RSI, but weekly range breakout overwhelms

  • Fed Chair Powell & BOJ Gov Kuroda confirm USD/JPY-bullish policy divergence

  • Focus is mostly on the Oct. 8 jobs report, but claims, PMIs, PCE Thur-Fri

  • Above 112.23-43 hurdles are 2018's high & a 76.4% Fibo at 114.54-55 on EBS

  • July's 111.66 prior peak is initial support, then Wed's 111.21 low

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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