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Aug 29 - 07:55 AM

USD/JPY - Congested Trade But USD/JPY Remains Vulnerable

By Peter Stoneham  —  Aug 29 - 05:40 AM
  • USD/JPY continues to pan out sideways below the 10-DMA, 145.31

  • Daily momentum neutral and RSI flat lining just above o/s levels

  • Key support is at 143.45, the Aug. 26 low

  • Weekly action continues to pivot around the 100-week moving average, 144.62

  • We lean bearish and offer by 146.40

  • The offer to be lowered on a close below 144.62

  • USD/JPY trader <TGM2336)

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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