Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 08 - 07:55 PM

USD/JPY - Safe-Haven Flows Cap Early, As E-Minis Slide

By Andrew M Spencer  —  Oct 08 - 06:35 PM
  • -0.15% amid safe-haven flows on the Hamas/Israel conflict - E-mini S&P -0.8%

  • Japan issues a tsunami advisory for Izu, Ogasawara Islands area

  • Japan holiday, so the USD and risk appetite will likely lead JPY in Asia

  • Charts: Consolidation below rumoured Bank of Japan intervention above 150

  • 5, 10 & 21-day moving averages conflict, Tenkan and Kijun lines contract

  • Signals show no clear bias so further consolidation is likely

  • Friday's 149.54 high, then last week's 150.16 top are initial resistance

  • 148.44 10 DMA, a closing base on the uptrend - Oct 147.30 low first supports

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!