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USD/JPY reverses outlier to 118.88

  • USD/JPY saw an outlier down to 118.88 post-BoJ.

  • All orders expected to be off, blamed by a trade or two in thin conditions.

  • Time down on 118-handle less than 10 minutes, market 119.00+ since.

  • USD/JPY still on 119 but sees little fresh buys, sub-119.00 more expected.

  • Upside now seen limited before 119.50 option strikes pre-London.

  • Technical support at 118.82 daily Ichimoku tenkan line.  

 

  • Market Data
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