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Nov 22 - 11:55 PM

USD/JPY - Daily Cloud Remains A Pivotal Base Into FOMC Minutes

By Andrew M Spencer  —  Nov 22 - 10:25 PM

  • +0.1% trading near the top of a 140.91-141.44 range on the Japan holiday

  • Yen crosses little changed, EUR/JPY +0.2%, GBP/JPY +0.1%, AUD/JPY flat

  • Low key FX majors session in Asia ahead of Wednesday's FOMC minutes

  • Techs: the rising daily Ichimoku cloud remains resilient support

  • Held on the close all last week, and comes in at 140.82 today

  • Close below the cloud would be bearish, first since September 2021

  • 143.11, 38.2% of the October-November fall initial significant resistance

  • 140.82 cloud base and London 142.03 high Tuesday initial support, resistance

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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