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USDJPY falls to a cluster of support

The USDJPY is reversing hard to the downside as yields fall after weaker US data. The 2-year yield is now down -12.2 basis points. The 10-year yield is now down -8.1 basis points.The fall in the USDJPY has taken the price from 147.368 to 145.886. That has the price testing its 100-hour moving average 145.997, it's 50% midpoint of the move up from last week's low at 145.953 and the 200-hour moving average at 145.86. That cluster of support may give buyers a reason to stick a toe in the water, wi... Read More

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Usdjpy

Falls

Cluster

Support

Forex

Posted: Aug 29 2023, 15:46

Author Name: forexlive

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