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Thomson Reuters
Nov 07 - 08:36 PM
USD/JPY - Bracketed By Opposing Risk-On Flows, But Uptrend Intact
First appeared on eFXplus on Nov 07 - 01:45 PM
  • USD/JPY in crossfire of risk-on USD and JPY sales post-U.S. vote
  • Trump's speech touts fiscal stimulus Democrats may want nW1N1UJ024
  • Gives Treasury yields & USD/JPY a minor lift amid 112.94/3.82 range
  • Range probes Kijun and 76.4% of October's drop at 112.96/3.80
  • Tues's close above 61.8% at 113.34 favors a run at 114.55 October high
  • AUD/JPY clears 200-DMA, Sept-Oct highs & dn TL from June
  • Big hurdles in mid-114.00s if risk-on flows persist, trade war watched
  • GBP/JPY up by Sept's 149.71 high, EUR/JPY by 200-DMA at 130.25
  • BOJ summary, JP trade and MOF investment flow data out tonight
  • China trade data probably more watched as Trump-Xi meet awaited

Chart: Click here

Source:
Thomson Reuters IFR Markets

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