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USD/JPY lower after Tues's bullish close, Tenkan should limit

Source: Thomson Reuters


  • USD/JPY corrects lower after Tues's bullish close past Kijun, 21-DMA & 50% Fibo

  • Daily Tenkan at 119.58 key support, should limit pullback, 200-HMA & hourly Cloud by Tenkan

  • current account & Trade balances improving slight JPY pluses overnight, 1.29b of 120 & 921m 120.50-65 expiries ahead

  • BOJ steady as forecast, surging Japan stocks, but USD-JPY 2-yr yield spreads closer to March low

  • Market Data
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