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May 03 - 02:55 AM

USD/JPY - Swings Into Uptrend Channel, Sets Sights On 110.10

By Ewen Chew  —  May 03 - 01:35 AM
  • USD/JPY rallies third day, may confirm new bullish chart cue

  • Mon close above 109.47 on EBS cues Bollinger uptrend channel

  • Will augment last week's bounce off Ichimoku Cloud support

  • Near-term target is 110.10 ceiling of uptrend channel

  • Strong US data keep dollar aloft; US NFP this week vital

  • Risk appetite wobbly as China, Japan closed for holidays

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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