Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Jul 12 - 08:36 PM
USD/JPY - Uptrend Still Looks Strong, Targets 113.40 Next
First appeared on eFXplus on Jul 12 - 07:00 PM
  • USD/JPY opens 0.47% higher as recent rally grinds steadily higher
  • Uptrend supported by techs but not rates as UST yields languish
  • 5,10 and 21 DMAs and momentum studies all head higher supporting the move
  • Next target the Jan 8 and 2018 high at 113.40, then Dec high at 113.75
  • Support now found at Weds high at 112.17, Thurs low 111.92
  • Move driven by positioning in JPY crosses and a bounce back in risk Thurs

JPY daily: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About Us
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!