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Graph Gallery WHERE ARE THE GLOBAL MARKETS GOING?
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Morning Briefing Nikkei (20093.46, -0.25%) is stuck in the 19900-20200 region since the beginning of the month. While Dollar Yen trades lower, it would be difficult to see a sharp rise in Nikkei and we could possibly see some movement in the 19900-20200 for the next few sessions too. A break below 19900 could initiate some corrective dip in the medium term.
Resultant weakness in the Dollar Index (94.30) now targets 93 over the next couple of weeks. This has pulled down Dollar-Yen (111.97) with it, with chances of testing 111.00 next week. Strong bounce possible from the 111.00-110.50 region, though.
The US-Japan 10Yr (2.19%) has little room on the downside just now and could bounce back in the early sessions next week possibly pulling up Dollar Yen along with itself. 2.16% could act as a decent near term support.
Last Updated Open High Low Close
21-Jul-17 111.84 112.08 111.01 111.16
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