Forex - USD/JPY, GBP/JPY Flows: President Barack Obama said goodbye to the nation Tuesday


 04:09 (GMT) 11 Jan

  [Forex Flows]

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USD/JPY, GBP/JPY Flows: President Barack Obama said goodbye to the nation Tuesday (0100-KFFH-C01)

CNN: Popular but politically humbled, President Barack Obama said goodbye to the nation Tuesday night, declaring during his farewell address that he hasn't abandoned his vision of progressive change but warning that it now comes with a new set of caveats. His voice at moments catching with emotion, Obama recounted a presidency that saw setbacks as well as successes. Admitting candidly that political discourse has soured under his watch, Obama demanded that Americans renew efforts at reconciliation.

USDJPY back above 116.00, and as we mentioned earlier, risk reward ratio has prompted longs to come in, even though the high was limited to 116.23. USDJPY strength means that GBPJPY should hold off a break of 140.00 for now, with only a low of 140.87 printed in the Asia session (though heaviness is still expected in GBPUSD). Traders dovish on GBP would do better to short GBPUSD instead of GBPUSD for now.


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