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FOREX: USDJPY Slips Below 149.00 Handle Amid Equities Weakness

FOREX
BulletMarketsForeign Exchange Bullets
  • As the ICE dollar index slips to fresh session lows, USDJPY losses standing out in G10 amid the downtick in equities, briefly extending its intra-day decline to half a percent on the day and below the 149.00 handle.
  • Monday’s session low of 149.08 had closely matched support at the Oct 21 low print and with this giving way, 148.17 support is next, the 50% retracement of the Sep 16/Nov 15 rally.
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  • As the ICE dollar index slips to fresh session lows, USDJPY losses standing out in G10 amid the downtick in equities, briefly extending its intra-day decline to half a percent on the day and below the 149.00 handle.
  • Monday’s session low of 149.08 had closely matched support at the Oct 21 low print and with this giving way, 148.17 support is next, the 50% retracement of the Sep 16/Nov 15 rally.