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Nov 19 - 07:55 AM

USD/JPY - Hit Hard In London As Lockdown Fears Spark Risk Aversion

By Martin Miller  —  Nov 19 - 06:19 AM
  • USD/JPY down quickly from 114.54 to 113.81 (on EBS), in the space of an hour

  • Bout of risk aversion spread through FX markets, hitting USD/JPY hard

  • European stocks slide as lockdown worries resurface nL4N2SA225

  • USD/JPY breaks tech support, a close below would be negative nL1N2SA0NX

  • Tenkan and kijun lines converged to provide considerable support at 113.85

  • Offers from Japanese exporters, specs have been selling rallies from 114.50

  • EUR/JPY's 30-day correlation with USD/JPY is just below +0.5

Daily Chart: Click here

Refinitiv IFR Research/Market Commentary


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