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Sep 11 - 05:00 AM
USD/JPY - After Ichimoku Cloud Break USD/JPY Shorts Should Cover
First appeared on eFXplus on Sep 11 - 02:40 AM
  • As often happens USD/JPY rallying in September
  • Pair has now broken over daily Ichimoku cloud top at 107.71
  • Yesterday USDJPY closed bullishly over 55-DMA and cloud base
  • USD/JPY traders are short mainly as safety trades for trade war
  • Now Oct trade talks. ECB/Fed to ease. BOJ dovish
  • Pressure from short covering will now add to September's bid
  • Over 76.4% drop since July 108.17 & 100-DMA 107.19 risks 109.32

USD/JPY daily Click here

Source:
Refinitiv IFR Research/Market Commentary

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