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Aug 12 - 11:00 PM
USD/JPY - Trend Targets The Flash Crash Low, As Risk Sours
First appeared on eFXplus on Aug 12 - 08:15 PM
  • +0.1% early, bargain hunting into yesterday's 0.35% risk off fall
  • PPI just missed, falling 0.6% against a -0.5% forecast nAPN04IPPD
  • E-mini S&P trades +0.2%, may contain Nikkei - trades -1.5% early
  • 105.00 1.6B and 105.60 785M are today's close strikes
  • 5, 10 & 21 daily weekly and monthly moving averages track south
  • Bearish trending setup targets the 104.10 flash crash low in January
  • Close above last week's 107.11 high would undermine the bearish bias

jpy aug 13 Click here

Source:
Refinitiv IFR Research/Market Commentary

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