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Aug 31 - 05:55 AM

USD/JPY Downside Limited, ECB Expectation Keeps EUR/JPY Buoyed

By Martin Miller  —  Aug 31 - 03:40 AM
  • BOJ's Nakagawa on fragile recovery, signals sustained low rates nL1N307033

  • Japan to further ease border curbs to exploit weak yen nL1N3070AL

  • USD/JPY chart bullish, thick cloud support should limit losses nL1N3070F2

  • The thick daily cloud currently spans the 132.88-137.09 region

  • Spot has seen a 138.28-138.84 range on Wednesday, according to EBS prices

  • EUR/JPY buoyant on more hawkish ECB expectations nL8N3063LB

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are above +0.50

Source:
Refinitiv IFR Research/Market Commentary

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