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Thomson Reuters
Nov 06 - 03:48 PM
USD/JPY - , Crosses Shrug Off Election Risk, Hopeful On Trade
First appeared on eFXplus on Nov 06 - 01:35 PM
  • USD/JPY threatening bullish close above 61.8% of Oct's drop @113.34
  • USD rebounds from early NY lows, with higher Tsy yields, stocks
  • Pair also pushing past upper 21-d Bolli in breakout fashion
  • 76.4% and Oct's peak at 113.80 & 114.55 eyed after a 113.50+ close
  • Risk-on flows weaken haven JPY slightly on trade hopes
  • AUD/JPY rising toward 200-DMA (82.15) that it plunged below in Feb
  • Sept-Oct highs @82.46-7, down TL from June, 61.8% @82.33/25 nearby
  • Daily range above those hurdles would bolster risk-on/JPY-off outlook

Chart: Click here

Chart: Click here

Source:
Thomson Reuters IFR Markets

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