By Robert Fullem — Oct 03 - 02:05 PM
USD/JPY settles in middle of 146.29-147.25 day's range on EBS even as Treasury yields advance
Upward momentum is slowed by an expanding 147.10-151.82 Ichimoku cloud, 147 options and volume drop off
Overnight volatility is near 26% ahead of the U.S. jobs number Friday
Session high of 147.25 approximates the level in early August when CFTC data showed accounts flipping to long yen
Further resistance seen at the weekly Ichimoku top of 148.38
Nearby retracement supports are 146.52 Wednesday high and 146.27 upper Bollinger
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Source:
Refinitiv IFR Research/Market Commentary