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Jan 02 - 11:00 PM
USD/JPY - Dips On Middle East Conflict, As US Rockets Hit Iraq
First appeared on eFXplus on Jan 02 - 09:25 PM
  • Off 0.3%, as risk sold on US rocket strikes in Iraq nL8N2973J9

  • E-mini S&P 0ff 0.2% since the news, as Middle East conflict continues

  • Tenkan and Kijun lines edge lower on the dip - now at 108.92/108.93

  • 108.07/10 pivotal support, 50% of the Oct/Dec rise and cloud base in view

  • Close below would be a strong negative signal for Tokyo's return next week

  • Earlier 108.63 high then 108.87 cloud top initial resistance

jpy 2 jan 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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