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TDUX
Oct 20 - 04:55 AM
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USD/JPY - Off From Early High On Exporter, Other Sales

By Haruya Ida  —  Oct 20 - 02:49 AM

• USD/JPY demand looks to have dried up following the Gotobi Tokyo fix

• Japanese importer buys took it up to 158.60 but no further

• Japanese exporters in wait at eye, with others hit bids thereafter

• To 158.06 EBS in Asia PM trading, tracks away from 200-DMA, Ichi cloud top

• 200-DMA up at 158.57, heavy from area, Ichimoku cloud 156.28-158.44

• Below 200 and 100-HMAs now, at 158.21 and 158.15, respectively

• Towards ascending hourly Ichimoku cloud now between 157.94-96

• Related comment , also ,
USD/JPY hourly:


(Haruya Ida is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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