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Nov 02 - 11:55 PM

USD/JPY - Tight Range Into Potentially Volatile US Payrolls

By Andrew M Spencer  —  Nov 02 - 11:05 PM
  • Flat in a 150.32-150.51 EBS range after a potential opening 150.74 miss hit

  • Quiet session with Tokyo on holiday into the likely volatile U.S. payrolls

  • This week's USD selloff could reverse if payrolls produce a strong number

  • Charts; 5, 10 & 21 day, week moving averages head higher - uptrend in play

  • Horizontal daily Tenkan and Kijun lines suggest a period of consolidation

  • Traded above the daily Ichimoku cloud since August - key support at 147.79

  • Thursday's 149.84-150.98 range is initial support and resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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