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Oct 03 - 04:55 PM

USD/JPY - Rally Losses Steam As Cloud Expands

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

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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