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Yen Firms In Early Trade

FOREX

The Yen has firmed in early dealing on Thursday, USD/JPY has ticked lower after the latest round of Japanese data. Retail Sales and Industrial Production were both firmer than expected. The move in the Yen is applying mild pressure to the USD.

  • USD/JPY is down ~0.3% and last prints at ¥141.35/40. The next support level comes in at ¥140.71, a Fibonacci retracement point.
  • Kiwi is up ~0.2%, NZD/USD prints at $0.6350/55 as a fresh monthly high is printed. Bulls target $0.6412, the high from 14 Jul. A break through here opens $0.6563, a Fibonacci projection.
  • AUD/USD is up ~0.1% following the broader USD move.
  • Cross asset wise; US Tsys are a touch lower and BBDXY is down ~0.1%.
  • The docket is empty for the remainder of the Asian session.

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