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Dec 29 - 03:55 PM

USD/JPY - Longs Reign After A Whippy Session

By Christopher Romano  —  Dec 29 - 01:29 PM
  • USD/JPY rallies through 115.00 in Europe am, hits 115.04 on EBS

  • Slide ensues, opens NY below 114.90, drop extends, 114.67 hit on EBS

  • Broad based US$ selling abates; US rates US2YT=RREDM2 stay firm

  • USD/JPY rallies & turns positive, hits 115.00, near 114.95 late

  • Rising RSIs, bullish outside day candle give techs a bullish lean

  • For more click on FXBUZ














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Source:
Refinitiv IFR Research/Market Commentary

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