Financial market research and analysis

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Market Snapshot: USDJPY bottomed at 109?

Two hammer patterns on the weekly chart near 109 which is the 50% retracement of the rally from June – December 2016 suggest a bottom could be in. Fundamentally safe haven demand is low and the Bank of Japan is not yet signalling the tapering of QE.


This is LCG’s daily Market Snapshot. Our Senior Market Analyst Jasper Lawler offers a concise analysis of one of the day’s key themes or events and how it could affect the charts of an asset within the stock, forex, indices or commodities market.


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