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Sep 23 - 09:55 PM

USD/JPY - USD Leads, 105.55 Break To Bring Daily Cloud Into Play

By Andrew M Spencer  —  Sep 23 - 08:45 PM
  • +0.05%, with USD a touch softer after closing +0.4% on broad USD strength

  • BoJ minutes - concern on virus impact on the economy and banks nT9N2F200W

  • Asia takes the negative Wall Street lead - Nikkei -0.9% and AsiaxJP -0.5%

  • Unless there is game changing news range trading looks likely in Tokyo

  • 105.47 horizontal Kijun line and 105.52, 50% of the Aug-Sep fall cap

  • Break of 105.55 would target 105.88-97, 61.8% Aug-Sep fall and cloud base

  • 105.08 Tenkan line and 104.90-105.00 2BLN strikes are initial support


    For more click on FXBUZ

jpy sep 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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