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