By Randolph Donney — Mar 01 - 01:40 PM
USD/JPY only modestly lower amid much broader dollar weakness Wednesday
Pullback from Mon's peak by key resistance caught by 200-HMA at 135.25
Rebounded with Tsy yields to 136.34 on EBS on Fed hawk talk, ISM prices
Uptrend delayed by 100- & 200-DMA and Dec. 20 key high at 136.88/7.23/46
Fri's ISM non-mfg looks key after Wed's mfg data lifted Tsy yields
Japan data and BoJ guidance remain yen-bearish nL1N3591KU
If ISM and payrolls meet or beat f/c, 50% Fibo at 139.58 may be in play
Soft data and a sub-134 close are needed to undermine the uptrend
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Source:
Refinitiv IFR Research/Market Commentary