By Randolph Donney — Jan 04 - 02:50 PM
USD/JPY up 1.2% and well above tenkan/50% Fibo hurdles at 132
The 132.71 current EBS high is by the 13-DMA, less porous than 10-DMA
Rally all on yen weakness after Tues's o/s, false support break
BoJ again conducting emergency JGB buying to cap yields nL4N33P12D
That as Japan PMI posted biggest fall in 2 years nZRN005QU8
And as PM Kishida & BoJ Gov Kuroda pressure firms to lift wages nL1N33P051
US ISM and JOLTS show labor tightness, but mfg sector weak nL1N33P150
Above 13-DMA at 132.72 rsst are 134.50/70 from Dec. 28 swing high & kijun
Would need a post payrolls close above kijun to worry about 200-DMA @136.37
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary