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The sellers in the USDJPY are making a technical play

Despite the better ADP data and steady but strong initial jobless claims, the USDJPY is moving lower. Yields are also now in negative territory with the 2-year yield down around 1 basis point and the 10-year down -3.1 basis points. Technically, the USDJPY has been able to stay below its 100-hour moving average at 139.99, and although trading above and below its 200-hour moving average at 139.484, is now pushing lower and looks to test the Asian session low, and a swing area between 138.731 and 1... Read More

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Content Topics

Sellers

Usdjpy

Making

Technical

Play

Forex

Posted: Jun 1 2023, 13:22

Author Name: forexlive

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