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Author Archives: JPY Editor

USD/JPY attention is now on 110.00 – UOB

FX Strategists at UOB Group noted the pair remains under pressure unless it can reclaim the 110.00 area. 24-hour view: “The anticipated USD weakness greatly exceeded our expectation by dropping to a low of 108.58. The subsequent sharp rebound from ...

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USD/JPY Is This A Valid Breakdown?

USD/JPY is trading in the red right now and looks determined to take out the dynamic support from the first warning line (wl1) of the ascending pitchfork. The breakdown will attract more sellers on the short term, which will lead ...

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USD/JPY Forecast: What’s next after Doji candle?

The Dollar-Yen pair ended last week on a flat note at 109.20 levels after having clocked a weekly high/low of 110.95/108.60 levels. A minor recovery from the Friday’s low of 108.60 was fuelled by Trump’s decision to dismiss Stephen K. ...

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