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USD/JPY stalling after breaking its January and February high

USD/JPY stalling after breaking its January and February high

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By Eamonn Sheridan
11/03/2022 | 01:23 GMT
  • USD/JPY ticked ever so slightly above its earlier this year highs but has encountered sellers

USD/JPY took at the highs into the Tokyo fix, stops taken out circa 116.35+

Exporters, spec longs the sellers.

  • there is some chatter of option barriers around 116.50 and stops above 50.
usdyen chart 11 March 2022

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