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USD/JPY is well supported on dips - Westpac

Robert Rennie, Research Analyst at Westpac, suggests that USD/JPY is well supported on dips at 110 as the foundation appears to be in place for US$ stability on the basis that the dollar is technically oversold.

Key Quotes

“Trump expectations appear low and the significant easing in financial conditions suggests an improvement in data momentum.”

“While US$ is not technically as oversold as for instance against the euro, we have avoided fresh lows and while yield support remains limited, Japanese demand for foreign assets remains strong.”

USD/JPY drops to fresh session low ahead of US data

Heading into the NA opening session, the USD/JPY pair met with some fresh supply and has now dropped to fresh session low near the 110.35-40 region. 
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Carney Speech: Brexit uncertainty is affecting UK wage bargaining

Mark Carney, Governor of the Bank of England (BoE), is responding to questions from the press, with key headlines, via Reuters, found below: There
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