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Dec 11 - 07:55 AM

USD/JPY - Jittery USD/JPY's Price Action Shows The Downside Is Limited

By Martin Miller  —  Dec 11 - 05:35 AM
  • USD/JPY spiked lower to hit 151.01 before rebounding to 152.80, in London

  • BBG BOJ headlines could have caused the brief spike lower

  • Spot is trading well above last week's 148.65-151.23 (EBS) range: bullish

  • Thickening daily cloud, that currently spans 147.14-151.04, limits downside

  • Note the euro usually climbs against the yen in December nL2N3N50BM

  • Wholesale inflation accelerates, keeps BOJ hike plan in focus nRTV7HyVK9

Source:
London Stock Exchange Group | Thomson Reuters

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