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Thomson Reuters
Oct 23 - 03:48 PM
USD/JPY - Stocks, US Yields, EM Drops Put USD/JPY's 55-DMA In Play
First appeared on eFXplus on Oct 23 - 02:05 PM
  • USD/JPY hit by broader derisking felling stocks, Tsy yields, EMs
  • Holding 55-DMA prop at 111.94 & nearby up TL from Aug so far
  • 61.8% of Aug-Oct rise, 100-DMA & Cloud top @111.60/50/47 crucial
  • Drop in 10-yr Tsy ylds to lowest since Oct 3 stalls stocks slide
  • But Bostic reaffirms Fed hikes nN9N1VL010, so risk remains on trial
  • Tumbling WTI's 200-DMA break also a drag on + correlated USD/JPY
  • Wed's big options expiries @111-112 ahead of Fed's Beige Book, ISMs
  • TOPIX near 2018 lows heading into Wednesday's session, risk trigger

Chart: Click here

Source:
Thomson Reuters IFR Markets

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