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Thomson Reuters
Apr 17 - 08:36 PM
USD/JPY - Struggles To Rally, Bulls Running Out Of Time
First appeared on eFXplus on Apr 17 - 06:20 PM
  • USD/JPY struggles to rally past resistance at 112.08-13 as sellers line up
  • Rally to 112.17, a fresh 2019 high, on Thurs fails on lack of follow-through
  • Failure to move higher despite risk-positive news a warning sign for bulls
  • Downside protected as global growth pessimism wanes nL5N21Z19Q
  • Global PMIs and US retail sales Thursday key; sizable 112.00 expiries too
  • Weekly close above 200-WMA @ 111.99 strengthens uptrend; support 111.60

BOJ's bloated balance sheet limits further easing: Click here

Source:
Thomson Reuters IFR Markets

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