By Peter Stoneham — Dec 23 - 03:15 AM
Charts showing bearish divergence on momentum readings
Short-covering and position adjustments within a thin holiday mkt
Mkt will continue to debate Boj intentions: could limit direction
Recent JGB band tweak to improve market functioning
Yen likely to draw support from policy surprise through the turn
USD/JPY levels: 130.58 Dec. 20 low and 133.62 Dec. 2 low
10-day MA crossed below 200-day MA and 21-day MA also set to cross below
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Source:
Refinitiv IFR Research/Market Commentary