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Thomson Reuters
Feb 11 - 02:36 AM
USD/JPY - Moves Higher On Cross Related Flows
First appeared on eFXplus on Feb 10 - 10:25 PM
  • USD/JPY has grinded higher through the morning in thin holiday market
  • AUD/JPY buying underpinned the USD/JPY with the cross rising 0.30%
  • Some buying of AUD/JPY came after report said Xi may neet Trump next month
  • USD/JPY traded to 109.95 and was around there into the afternoon
  • Short-term trend higher in USD/JPY threatened by easier US yields
  • Support is found at the top of the daily ichimoku cloud at 109.15
  • Resistance at Feb 4 high at 110.16 and 55-day MA at 110.64

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