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Thomson Reuters
Apr 18 - 07:24 AM
USD/JPY - Crowded USD/JPY Longs, NK Weapons Test Keeps A Lid On Spot
First appeared on eFXplus on Apr 18 - 05:10 AM
  • USD/JPY bulls need a close above a key Fibo to tighten grip nL1N22006K
  • USD/JPY trades 111.77-112.06 (EBS) range, EUR/JPY sees a 126.57-125.72 dive
  • Some longs taking opportunity to pare longs pre-Easter
  • For week ending Apr 9: IMM cash position of $8.04 billion nL1N21X0LY
  • EBS flow data since Apr 9 shows even more longs may have been established
  • NK conduct 1st weapons test since failure of Kim-Trump summit nL3N21Z4K2

EBS Flow Chart: Click here

Source:
Thomson Reuters IFR Markets

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