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JPY Daily Review February 1, 2019

JPY Daily Review for February 1, 2019

USD/JPY Technical Analysis: prints fresh-two week lows, focus on today’s close

The USD/JPY pair fell to 108.79 – the lowest level since Jan. 17 – soon before press time and risks falling further, courtesy of the Fed’s dovish turn

 

JPY futures: scope for further appreciation

Open interest in JPY futures markets dropped by around 4.1K contracts on Wednesday, clinching the third consecutive drop according to flash data from

 

USD/JPY tumbles to 2-week lows near 108.50 ahead of US data

The better tone in the Japanese safe haven is sustaining another daily pullback in USD/JPY, which has so far met support in the mid-108.00s. USD/JPY

 

EUR/JPY drops to 6-day lows near 124.50

The EUR/JPY pair came under a renewed selling pressure in the second half of the day and dropped to its lowest level since January 25 at 124.49. As of

 

USD/JPY continues to erase daily losses, steadies below 109

After finding daily support at 108.50, the USD/JPY extended its rebound in the NA session and rose to 108.90 before going into a consolidation phase.

 

USD/JPY and AUD/USD Forecast February 1, 2019

The US dollar fell significantly during the trading session on Thursday but turned around to bounce and form a hammer like candle. Because of this, I believe…

 

Have a nice trading!




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