Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 26 - 02:36 PM
USD/JPY - Upbeat China Trade Tones, Higher UST Yields Lifts USD/JPY Near Recent Highs
First appeared on eFXplus on Dec 26 - 12:25 PM
  • USD/JPY firm into NY close +0.29% by 109.64; Thurs range 109.68-36

  • Eyes Dec 2 high 109.73, abv puts Upper Bolli May 30 high 109.91/93 in view

  • USD bid on reversal of Yen safe haven bid on China trade, UST yield rise

  • Two recent rallies above 109.70 fail, 200-DMA by 109.77 caps since May

  • Double top risk grows, break below 108.40/45 zone confirms the double top

  • D-T pattern completion suggest USD/JPY could trade down near 107.10

JPY Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!