By Martin Miller — Dec 02 - 02:50 AM
USD/JPY's slump has broken and closed under the 135.48 Fibo = bearish
135.48 Fibo is a 76.4% retrace of the 130.40 to 151.94 (Aug to Oct) EBS rise
Fourteen-day momentum remains negative, reinforcing the negative outlook
Near-term focus is on 200-DMA at 134.52, a break below would weaken
Scope grows for much bigger losses to 131.74, 130.40 lows set back in August
USD/JPY Trader TGM2336. Previous nL1N32R0F6
EUR/JPY range has been 141.78-142.44, on Friday, according to EBS prices
Source:
Refinitiv IFR Research/Market Commentary