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Feb 05 - 10:55 PM

USD/JPY - USD/SGD Tugged Lower As USD/JPY Sinks On BOJ Comments

By Ewen Chew  —  Feb 05 - 08:42 PM

• USD/SGD tugged lower to 1.3479 as USD/JPY falls further

• Bollinger downtrend channel engaged on Thurs close below 1.3486

• That would guide it toward 1.3424 base of Ichimoku cloud

• If cloud base breaks, 100 and 200 DMA supports will be exposed

• BOJ remarks send USD/JPY to lowest since Dec 12

• BOJ's Tamura says must hike rates to at least 1% this FY
SGD:


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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