Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 25 - 03:55 PM

USD/JPY - Holds Above 21-DMA Though Remains Heavy

By Robert Fullem  —  Nov 25 - 02:25 PM
  • USD/JPY remains down on session due to broadly weaker dollar, lower oil on Middle East optimism and slumping Treasury yields

  • Series of lower highs weighs though downward momentum is lacking as equity markets advance and volatility drops

  • Has closed above its 21-DMA, currently 153.89, for the past two months

  • Price congestion at 153.50 offers support ahead of 153.19 Oct. 23 high, 153.08 weekly cloud top and 152.95 base line

  • Firm resistance is seen at 155.00/02 psychological level and conversion line

  • Tokyo to eye October Services PPI on Tuesday

  • 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
© 2024 eFXdata · All Rights Reserved
!