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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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USD/JPY Fades Initial Uptick


USD/JPY has faded its initial uptick, registered on the back of demand for USD stemming from the PBoC move outlined earlier. The rate last trades at Y105.65, marginally above neutral levels.

  • Bears would be pleased by a drop through Oct 2 low of Y104.94, a key near-term support, followed by Oct 22 low of Y104.41. Bulls look to take out Oct 7 high of Y106.11, which would bring Sep 8 high of Y106.38.
  • Japanese PPI, core machine orders and flash machine tool orders are due later today, final industrial output comes out Wednesday
MNI London Bureau | +44 203-865-3806 |
MNI London Bureau | +44 203-865-3806 |

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