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Today News: USD/JPY [1 Dec 2021] - Dailyforextrading.net

assetsfx.com

Today News: USD/JPY [1 Dec 2021] - Dailyforextrading.net

 



USD/JPY slides further below 113.00

The USD/JPY pair maintained its heavily offered tone through
the early North American session and was last seen
trading around the 112.75-70 region

Continue reading with FXstreet...

  

 



Struggling to correct after a heavy fall on Friday

Panic from the emergence of the Omicron variant resulted in the
safe-haven currency pair falling sharply on Friday
from a high above 115.50

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USD/JPY unlikely to extend the
drop below 102.70

A move below 112.70 in USD/JPY appears not favoured
for the time being, noted UOB
Group’s FX Strategists.

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Daily recommendations on major – USD/JPY

Despite the greenback's rise to a fresh 3-year peak at 115.51
last Wednesday, subsequent selloff to 113.00
Monday and intra-day break

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Bears resume through key supports
on new Omicron fears

Bears resume on Tuesday after a double rejection
at pivotal Fibo support at 113.07
(38.2% of 109.11/115.51).

Continue reading with FXstreet...

  

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