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Greenback Strength Plays Out as USD/JPY Nears Resistance

  • Backdrop of intraday USD strength through the London close is most notably being felt in USD/JPY now, with the pair touching new daily and weekly highs to equal the July 12 (US CPI day) high.
  • This puts prices just shy of first key level on the upside at the 140.52 50-dma. A break above here would see 141.16 come into view, the 50% retracement for the reversal off the early July high.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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