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
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Source:
Refinitiv IFR Research/Market Commentary