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USDJPY runs up to test the high from last week. Backs off.

USDJPY runs up to test the high from last week. Backs off.

The USDJPY has seen the pair move sharply higher after the much stronger than expected US jobs report followed by a stronger-than-expected nonmanufacturing ISM report. US yields are higher with the two year now up 17.2 basis points at 4.261%. The 10 year is up 14 basis points at 3.535%.

Looking at the hourly chart, the initial move after the report took the price above both its 100 and 200 hour moving averages at 129.47 and 129.697 respectively. The corrective low after the report came... Read More

Posted: Feb 3 2023, 15:27
Author Name: forexlive
Views: 102141

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