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USD/JPY: moves higher on broad dollar strength in thin mkt

FXStreet (Guatemala) - USD/JPY has popped higher on the hourly stick from a subdued level at 120.00 and is up to challenge the 200 SMA at 120.78.

The greenback has been robust overnight and is taking advantage of thin markets without Tokyo around with Japan on holiday still. Lockhart was speaking a has given the dollar a little lift as confirming a hawkish outlook, lift off perhaps Nov-Dec by the sounds of things, despite the recent dovish FOMC.

Meanwhile, the Yen will continue to garner strength in times of uncertainty and there is some way to go until the end of the year for China to continue to stick a stick in the spokes of the Global markets wheel, tripping up the dollars advance from time to time.

USD/JPY to move on Chinese data?

Today we have some data from China and if it is anything like previous, it could be the catalyst to see some flight to safety again. The release comes as the Caixin Manufacturing flash PMI for Sep. august was 47.2 and consensus this time around is for 47.5, still way below the 50 mark as the sector remains in contraction.

USD/JPY levels remain

For the Yen, the downside and lowest point of the 20 SMA on the hourly chart for this week so far has acted as a support level when the price declined from the vicinity of the hourly 200 SMA at 120.29 when the pair touched down below the figure at aforementioned lows. Below there, a retest of 118.33/25 (March low) en route to the 116.15/115.85 2015 low and the recent low could be the next stops according to Karen Jones, chief analyst at Commerzbank.

AUD/JPY: way below pivot and highly negative

AUD/JPY is currently trading at 84.96 with a high of 85.22 and a low of 84.85.
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EUR/JPY: Impulsive spike above 133.70 fades, back to square one

The cross in the EUR/JPY recovered from lows and spiked to fresh session highs in early Asian trades, only to halt the recovery and now retreat to familiar ranges near 133.55 region.
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