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Sep 29 - 04:55 PM

USD/JPY - Trails Yen Crosses In Consolidation Of September Yen Gains

By Randolph Donney  —  Sep 29 - 02:50 PM
  • USD/JPY unwinds more of September's 107.05-104 slide

  • Focus is on the 61.8% Fibo of 107.05-104 at 105.885 on EBS

  • Falling 55-DMA & cloud base to reinforce by 105.91 on Wednesday

  • Bulls need a 106+ close to expand rebound toward 100-DMA nL1N2GQ0W7

  • Broader dollar pullback into quarter-end slowing USD/JPY's advance

  • But EUR/JPY rebound could well reach 124.70s nL1N2GQ0NL

    For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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