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Sep 07 - 05:55 AM
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USD/JPY - Reaches An Area Of Strong Support
By Jeremy Boulton — Sep 07 - 04:23 AM
• USD/JPY drops sharply from 156.30 to 154.32 EBS
• Weekly ichimoku cloud spans 154.62-149.90
• Thick cloud represents an area of strong support
• Average USD/JPY rate f/c by Japanese firms for 2026/27 is 152.57
• Drop stretched below 154.87 base 20-week Bollinger bands
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USD/JPY
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters