By Robert Fullem — Feb 28 - 02:24 PM
• USD/JPY trims an earlier gain as Trsy yields slide, shares fade
• Pair settles at top end of 149.10-150.99 EBS session range
• EUR/JPY's advance fades after Trump, Zelenskiy engage in shouting match
• Daily futures data suggest market remains net long yen
• Risk of USD/JPY short-covering as stochastics starts to favor bulls
• Resist: 151.11 weekly cloud bottom; 151.45 Feb 20 high
• Supp: 149.89 Feb 26 high; 148.56 Feb 25; low 148.55 100-week MA
• Japan PMI is due Tuesday, BOJ Ueda slated to speak midweek
Yen
(Robert Fullem is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters