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Thomson Reuters
Apr 18 - 03:48 PM
USD/JPY - Back Up By 112 Center After US Consumers Surprise
First appeared on eFXplus on Apr 18 - 02:05 PM
  • USD/JPY slipped o/n amid on pre-holiday, post poor EZ PMI derisking
  • Dip to 111.76 was reversed by stellar US sales data nL1N2200J6
  • Weak US PMIs limited the sales data rebound to near 112 nL1N2200OT
  • Watching key 10-year Tsy yield props by 2.54% as USD/JPY base
  • 2.624% Fib hurdle may be key to USD/JPY 112+ breakout nL1N2200SP
  • Stops above pre-December breakdown range lows by 112.23-30

Chart: Click here

Source:
Thomson Reuters IFR Markets

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