Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
May 03 - 12:12 AM
USD/JPY - Softer As Dust Settles Post FOMC
First appeared on eFXplus on May 02 - 10:55 PM
  • USD/JPY off from early 109.88 high to a low of 109.57
  • USD generally a little softer in Asia after FOMC, quiet with Tokyo closed
  • Thurs top below 200 DMA and falling momentum studies suggest consolidation
  • Drop below 10 DMA at 109.16 indication a temporary top in place
  • Close below Tenkan line at 108.86 confirms top in place
  • Break of 200 DMA at 110.22 keeps uptrend alive targets 61.8 Fibo at 110.85

JPY daily: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About Us
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!