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Jan 17 - 11:55 PM

USD/JPY - USD/CNY Barely Gets A Lift From USD/JPY Rocketing After BOJ

By Ewen Chew  —  Jan 17 - 10:20 PM
  • USD/CNY sags to 6.7761 from open 6.7780, but above Tues close

  • Will be supported by 6.7637 entrance of downtrend channel

  • Wed closing below that will reinstate bearish technical bias

  • Upside traction poor despite spike in USD/JPY after BOJ decision

  • BOJ kept policy, targets, YCC unchanged, dovish nL4N34301F

  • Yen dives as punters withdraw bets on BOJ tweaking policy

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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