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Author Archives: JPY Editor

EUR/JPY upside capped by the 55-day SMA near 124.40

Following a brief test of the 124.40 region – coincident with the 55-day SMA – early in the Asian trading hours, the selling bias resurfaced in EUR/JPY in response to the strong sentiment favouring … Read Full Story at source ...

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USD/JPY: The decline is far from over

Technical indicators are directionless although well into negative territory.” “The immediate support level is 104.18 July monthly low, with a break below it anticipating a steeper decline ahead.” … Read Full Story at source (may require registration)

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Markets tread water USD/JPY defies flows

It’s been a very quiet night of trade in the capital markets with equities slightly higher while FX was essentially flat. Although there has been a mild risk on bid in Asian and early European trade … Read Full Story ...

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