KQMarkets

USDJPY - Sustained Breakout Above Key Support Level

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OANDA:USDJPY   美元 / 日圓
USDJPY has sustained it's breakout and consolidated above the key support level at 108.528 we mentioned in our last analysis. This is despite poor retail sales data coming in a at -0.3% vs 0.3% forecast therefore we expect further upside potential towards 112 in particular due to more optimism surrounding US and China trade talks as well as Brexit negotiations.

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