By Martin Miller — Dec 01 - 03:50 AM
Dollar plunges versus yen as Powell says Fed to go slow nL1N32R0BF
Japan firms rising capex fuel hopes for smaller GDP contraction nL4N32Q2R4
USD/JPY sees a big collapse, on Thursday, dropping from 138.11 to 135.85
Some Japanese importer buys but not large, exporters hitting bounces
USD/JPY's slump unmasks the major 135.48 Fibo, outlook darkens nL1N32R0F6
135.48 Fibo is a 76.4% retrace of the 130.40-151.94 (Aug-Oct) EBS rise
USD/JPY, EUR/JPY 30-day log correlation above +0.50 = positive relationship
Source:
Refinitiv IFR Research/Market Commentary