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Thomson Reuters
Aug 09 - 09:48 PM
USD/JPY - Shade Firmer Into GDP - Rising Cloud Supports
First appeared on eFXplus on Aug 09 - 07:25 PM
  • +0.05% into Tokyo, after closing +0.1%, risk off broad USD & JPY strength
  • GDP leads data risk with Q/Q polls at 0.3% after a mixed week for JP data
  • Tenkan & Kijun lines remain horizontal - does not suggest a trending move
  • Modest lower daily highs & lows this week & falling momentum studies weigh
  • 110.58 late June range low then rising 110.09 cloud top initial support
  • 111.17 London high then 111.43 Tenkan line first resistance

jpy aug 10 Click here

Source:
Thomson Reuters IFR Markets

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