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Thomson Reuters
Oct 02 - 03:48 PM
USD/JPY - Takes Minor Risk-Off Hit, But Uptrend Intact
First appeared on eFXplus on Oct 02 - 02:25 PM
  • USD/JPY and crosses hit overnight on Italy and China trade worries
  • USD/JPY corrects to hourly Cloud base by rising 100-HMA
  • Daily studies a bit o/b, Tsy-JGB spreads sideways, specs well long
  • Offers seen mid 114.00s, but tech targets @115.15/33; 115 KO first
  • NY risk rebound; Fed's Powell takes conservative tightening tone
  • ADP & non-mfg ISM Wednesday in pre-NFP Friday prelude
  • Uptrend intact unless 113.05 Tenkan (call it 113) is closed below

Chart: Click here

Source:
Thomson Reuters IFR Markets

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