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USD/JPY Signal - USD 3-Month Bill Auction - 22 Feb 2021

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Signal Details
Entry Price: 
105.596
Take Profit: 
105.200
Stop Loss: 
105.750
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USD/JPY is trading to the downside today prior to the USD 3-Month Bill Auction. Displayed in the calendar is the average yield on the bills auctioned by US Department of Treasury. Treasury bills are short-term securities maturing in one year or less. Technically the pair is trading below the 50 moving average, and we anticipate further downside on the USD/JPY into the 105.200 level.

Submitted by Toni H. on Mon, 22 Feb 2021 02:20:55 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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