By Andrew M Spencer — Dec 28 - 06:00 PM
Steady - closed +0.75%, leading the USD higher, as yield spreads widened
No Japan data today or significant scheduled BOJ, government speeches
Six days of higher lows since the BOJ yield curve policy change on Dec 20
Despite the BOJ policy change, Fed yield expectations in Q1 2023 support USD
Charts; positive momentum studies, 21 day Bollinger bands contract
10 & 21 day moving averages plus Tenkan and Kijun lines fall - mixed signals
130.58 Dec 20 low and 135.23 Kijun line are the pivotal levels
133.42 NY low and 135.23 Kijun line are initial support and resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary