By Randolph Donney — May 05 - 02:40 PM
USD/JPY lifted by jobs data and a let-up in banking angst
Two-yr Tsy ylds up 19bp and erasing Thur's risk-off tumble
Haven yen also sold broadly as flight-to-safety flows reversed
Fri's 135.125 high on EBS is by 38.2% of week's 3% slide & 200-HMA
A close above 135.13 is now needed to open up more retracements
May require banks recovery persist and US CPI Wed lift yields more
No close below the 134.21 kijun Thur, but tenkan is above at 135.39
Major May, March and Dec highs at 137.78/90/8.18 daunting resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary