Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 07 - 07:55 AM

USD/JPY - Has Reached Point From Which It Should Rally

By Jeremy Boulton  —  Mar 07 - 06:05 AM
  • USD/JPY dives 149.37 to 147.81 EBS on March 7

  • The 100-DMA is 147.66 - Feb 7 low before rise to 2024 high was 147.62

  • Rapid fall sees pair drop far below 148.76 base 20-day Bollingers

  • Drop stretched and correction target for Dec-Feb surge is nearby

  • A 38.2% retracement of the 140.27-150.88 rise is 146.83

  • Profit taking has influenced the drop - profitable bets often re-established

  • Japan's rising yen will probably fall again

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!