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Sep 15 - 04:55 AM

USD/JPY - Momentum Has Turned Negative, Downside Risk Grows

By Martin Miller  —  Sep 15 - 03:13 AM
  • There has been solid USD/JPY resistance at 110.45, September's peak

  • Spot has been stuck in a narrow multi-week 109.47-74 range

  • Contained within 30-day bollinger-bands, at 109.34 and 110.51 respectively

  • Downside risk is slightly bearish as fourteen-day momentum is now negative

  • USD/JPY Trader TGM2336. EUR/JPY EBS range has been 129.27-50

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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