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Thomson Reuters
Aug 09 - 11:00 PM
USD/JPY - Lower, Eyes Key Support
First appeared on eFXplus on Aug 09 - 08:45 PM
  • USD/JPY drifting lower after stronger than expected GDP nL4N1V073J
  • Adds to strong yen tone on risk aversion o/n, lower UST yields
  • Key support at 55 DMA at 110.75 has held every test since Apr 11
  • Close below 110.75 targets 200 DMA at 109.98, 38.2 Fibo at 109.89
  • Close above 21 DMA at 111.59 needed to relieve downward pressure
  • Tonight's US CPI likely to be main event for the USD Fri, expected 0.2% M/M

JPY daily: Click here

Source:
Thomson Reuters IFR Markets

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