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Mar 20 - 03:48 PM

USD/JPY - Keeps 2020 Peak Within Easy Reach On USD Demand

By Randolph Donney  —  Mar 20 - 02:05 PM
  • USD/JPY uses cleared cloud as prop toward 2020 peak nL1N2BD0JA

  • Swaps expansion slows, but doesn't reverse, USD gains nL1N2BD0S9

  • Some offers by 111.50 cap, more by 112 expiries next week

  • But 2010/19 highs at 112.23/40 remain in play until virus crisis ebbs

  • AUD/JPY's big bounce struggles by 10-DMA and Thursday's high

  • Risk-on rebound needs a clear bottom in S&Ps nL1N2BD15P

  • GBP/JPY recovery extinguished by Cable's rejection at last year's lows

Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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