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Thomson Reuters
Dec 20 - 09:48 PM
USD/JPY - USD/CNH Anchored By Risk-Off USD/JPY Plunge
First appeared on eFXplus on Dec 20 - 06:40 PM
  • USD/CNH backpedalled Thurs amidst further equity selloff
  • Plunge in USD/JPY anchors USD/CNH against risk-off USD/AXJ bids
  • Fear of US govt shutdown, China hacking smash stocks nL1N1YP10I
  • US and allies accuse China of econ espionage nL1N1YP0SH
  • USD/CNH faces a wall of resistance between 6.9014-6.9278
  • Needs to clear Ichimoku Cloud resistance zone to rally in s/t

Source:
Thomson Reuters IFR Markets

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