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  • Bank of Japan: - 10-Year JGB yield target remains at near 0% - BOJ will purchases ETFs and J-REITs to where outstanding amounts will rise near 6 trillion yen and near 90 billion yen, respectively $USDJPY
  • Heads Up:🇯🇵 BoJ Quarterly Outlook Report due at 03:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-21
  • Heads Up:🇯🇵 BoJ Interest Rate Decision due at 03:00 GMT (15min) Expected: -0.1% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-01-21
  • While the US Dollar has been holding its ground, its downside bias against the Singapore Dollar, New Taiwan Dollar Thai Baht and Indonesian Rupiah remains intact as it hovers at support. Get your market update from @ddubrovskyFX here:https://t.co/p7gAztWuVG https://t.co/ZbRWt3Q1zP
  • Gold price appears to hit an immediate resistance at US$ 1,870 - where the 76.8% Fibonacci retracement intercepts with the 20-Day SMA line. https://t.co/0loOBMnFSu
  • Wall Street Futures Update: Dow Jones (+0.05%) S&P 500 (+0.16%) Nasdaq 100 (+0.45%) [delayed] -BBG
  • The Hang Seng Index looks set to extend gains beyond the 30,000 mark, hitting a fresh 20-month high. Will it succeed? https://www.dailyfx.com/forex/market_alert/2021/01/21/Nasdaq-Hits-Record-High-as-Biden-Takes-Office-Hang-Seng-Eyes-30000.html https://t.co/rh5X6ViWFg
  • The US Dollar may be finding a turning point against ASEAN currencies as smaller fiscal stimulus bets, soft earnings risk and Covid cases translate into some capital flight from equities. Get your #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/F3uz5GHMSd https://t.co/8FdxQnP08U
  • RT @FxWestwater: Australian Dollar Forecast: Jobs Report Fails to Inspire $AUDUSD Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/01/21/AUDUSD-Uninspired-Following-Australian-Jobs-Report.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/rI1YeoJFyL
  • The Nasdaq 100 index advanced 1.97% to an all-time high of 13,457, led by Alphabet (+5.36%), Amazon (+4.57%) and Microsoft (+3.65%). https://t.co/ALr0643lmU
Forex Trading Program: 10/9/2013

Forex Trading Program: 10/9/2013

Jamie Saettele, CMT, Sr. Technical Strategist

Trailed out of tactical short position in USDJPY for 47 points (entry was 97.75, stop was trailed to 97.28). The break above 97.20 opens up a move into a short term trendline near 98.00. Looking to play through NZDJPY longs. Support is 80.60 and stops need to be 80.20. Bigger run could stretch above 82 in the coming days.

GBPAUD is breaking down as well. Look to position short on strengh into former support at 1.6950 with a 1.7080 stop. A measured objective is 1.6273 (target zone of 1.6143-1.6322).

Follow me on Twitter @JamieSaettele

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