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USD/JPY bearish close Fri targets Cloud

Source: Thomson Reuters


  • USD/JPY more or less holding 76.4% of 119.29-121.20 rise at 119.74 intraday

  • Bearish close Fri below daily Kijun & 50% Fibo at 120.07 targets Cloud

  • Falling USD-JPY yield spreads weigh on pair

  • Best case for bulls is a 38.2% of the 121.20-119.725 slide at 120.29: a fade

  • Daily cloud at 118.71/46, but twists Weds at 118.50-29; 100-DMA 118.71

  • QQE3 doubts raised after Abe-Kuroda fiscal friction 

  • Market Data
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