USDJPY 17-01-2018 Intra-day analysis.

USD stays subdued as euro and yen maintain gains

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USDJPY 17-01-2018

USDJPY intra-day analysis

USDJPY (110.63): The USDJPY is seen attempting to pare losses as price action fell below the 110.70 handle yesterday. In the short term, the resistance level at 111.00 – 111.88 remains in play, as price action could be seen posting a reversal at this level. USDJPY could remain range bound below the 111.00 and supported above the 110.00 level. A break out from this range could emerge next week when the Bank of Japan holds its monetary policy meeting.

 

 

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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