By Peter Stoneham — Feb 15 - 05:53 AM
A near perfect storm for the Japanese Yen Monday: USD/JPY +0.37% to 105.30
Bulls are closing on the 200DMA, 105.54: no cls above since Jun 8 2020
Feb 5 and 2021 high at 107.76 and 30DMA upper Bollinger is at 105.65
Holiday thinned markets likely exaggerating moves: China and U.S out today
USD/JPY reacting strongly to risk on drive: higher U.S. yields also noted
Nikkei surge above 30k supportive, index close +1.91% @30,084
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Source:
Refinitiv IFR Research/Market Commentary