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Jun 23 - 04:55 PM

USD/JPY - New Pandemic Recovery Highs, Could Retest 2019-20 Peaks

By Randolph Donney  —  Jun 23 - 02:47 PM
  • March's 110.97 peak passed with a new 111.105 EBS high

  • Poor Japan PMI nZRN0029ST contrasts with US record high nL2N2O42C6

  • Prices probing upper daily Bollis, but a 111+ close would be bullish

  • 2019-20 highs, monthly cloud top at 112.23-43 key hurdles nL2N2O51P2

  • Yen a favored short with BOJ unable to tighten, JGBs range-bound

  • Pullback to correct overbought RSI has tenkan/kijun props at 110.20/9.83

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Source:
Refinitiv IFR Research/Market Commentary

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