12:32 USD/JPY: Probes 108.00 with Firmer Open Seen for US Stocks San Francisco, June 23. The USD/JPY is trading at 107.89 having probed highs of 108.00 so far this morning. Underpinning the USD/JPY is a better USD performance led by EUR weakness on a soft IFO result. In addition, US stocks are seen opening firmer, with DJIA futures up 29 pts, and also aiding the USD with the Chicago Fed May National activity index improving to -0.96 from -1.23 in April. Option-related offers are eyed around 108.00 that should stall gains with further sellers at 108.20 and the 108.40/50 region. Stops are eyed above 108.60/65 on a move higher. Bids are now eyed as close as 107.65/70 and helping to support USD/JPY on dips. However, also capping gains is performance of EUR/JPY which remains capped ahead of 168.00 in the wake of the weak IFO result.
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Bruce:
The Resistance Is At 108.10 and As Long As It Does Not Break It Then !
Gold GOT Hit and is Down $24 Now and Oil is Down so We Have INTERVENTION at the moment. I shorted another position at 108.01 and will close soon !
Stay Tuned !!!
[email protected] /rd
Bruce:
The Resistance Is At 108.10 and As Long As It Does Not Break It Then !
Gold GOT Hit and is Down $24 Now and Oil is Down so We Have INTERVENTION at the moment. I shorted another position at 108.01 and will close soon !
Stay Tuned !!!
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