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Dec 09 - 03:48 PM
USD/JPY - Holds Last Week's Low Ahead Of Key Event Risks
First appeared on eFXplus on Dec 09 - 01:25 PM
  • Last week's USD/JPY 108.43 low retested before a modest bounce

  • USD/JPY yet to close below 23.6% of Sep-Dec rise, 55DMA at 108.48

  • Huge NFP beats Friday finally gets some notice amid events risks

  • Massive $2.3bln of 109 expiries Tuesday a likely a delta-hedging draw

  • A sub-108.23 - cloud top & Nov. 14 pullback low - close ends uptrend

  • Three weekly sell signals on Friday put the onus on bulls nL1N28J0J9

  • GBP/JPY will fall nL1N28J0RD if UK vote, trade war news disappoint

Chart: Click here

Refinitiv IFR Research/Market Commentary


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