2019-10-21 12:20:01 | FX Action: USD-JPYFX Action: USD-JPY has steadied over 108.50 in N.Y. trade, coming from one-week lows of 108.29 seen in early Asian dealings. The pairing has found some support from the improved risk backdrop, though prospects for a Fed rate cut in two-weeks, and ongoing trade uncertainty can be expected to keep upside contained. Solid resistance lies at 109.00 to 109.06, the latter which represents the 200-day moving average. |
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