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Author Archives: JPY Editor

USD/JPY risk reversal: Sellers in control

USD/JPY fell to a low of 108.64 yesterday on broad based USD weakness before ending the day at 108.96 levels. The spot did fail to close below the Aug 11 low of 108.71 for the second day; however, the risk ...

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Forex – Chart USD/JPY Update: Downside vulnerable

01:00 GMT – Confined within Fri’s 109.60/108.60 range but the downside still vulnerable. Break of the 108.60 low will see scope to retest the 108.13 low and extend the broader decline from Dec 2016 high. Upside resistance now at 109.60/65 ...

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USD/JPY a little higher as Tokyo underway

There is no fresh news nor data to move the yen, but USD/JPY is trading 25-odd point higher in past minutes. Stop loss buyers are said to be clustered above 109.50, which makes sense. There is long way to go ...

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EUR/JPY long term technical analysis August 2017

The increase in tension is not good for the world but beneficial for safe-haven currencies such as Yen, USD, Swiss Franc. Expect more flight to safety as North Korea – U.S situation develop. EUR/JPY on the monthly chart closed up ...

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Citi trade of the week: Buy USD/JPY

Analysts at CitiFX Research suggest buying USD/JPY this week, Citi recommends buying USD/JPY around 109.30 targeting 111.50 with a stop at 107.85. The good news for anyone thinking of blindly following Citi is that USD/JPY is well-below their entry price. ...

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