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Thomson Reuters
Jul 11 - 07:24 AM
USD/JPY - U.S.-China News Caused USD/JPY Biggest July One-Hour Drop
First appeared on eFXplus on Jul 11 - 05:20 AM
  • USD/JPY closed down 26 pips in the last hour of NY trading Tuesday on EBS
  • This was in response to U.S. threats of tariffs on $200 bln of Chinese goods
  • This was the biggest one-hour drop of July, largest since an hour on June 25
  • Wednesday's 110.77 to 111.23 recovery likely to be short-lived
  • Spot overbought, risks dip to 30-DMA, major TL weighs nL1N1U705A
  • U.S.-China trade row escalates, threatening USD/JPY nL1N1U7060

Biggest June/July One-Hour Falls Table: Click here

USD/JPY Hourly Chart: Click here

Source:
Thomson Reuters IFR Markets

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