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USD/JPY: Bears flex their stuff in Tokyo open with a pop down below 200-HR MA to 108.25

From fxstreet.com

USD/JPY has been grinding slightly lower from 108.60 to 108.45 prior to the open in Tokyo but there has been a burst of energy from the bears with Yen picking up a bid across the board. USD/JPY is currently trading down -0.13% at the time of writing having travelled from a high of 108.51 to a low of 108.25. From a fundamental basis, it was Brexit stealing the show once again overnight and trade-war and Middle East war headlines were taking a backseat to the commotion in the UK Parliament. "The quick take is that PM Johnson’s bill won parliamentary support in principle but the government’s timetable of just 3 days ... (full story)

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  • Category: Technical Analysis