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Jun 25 - 01:55 PM

USD/JPY - Longs Still Hold The Advantage Despite Mixed Signals

By Christopher Romano  —  Jun 25 - 11:52 AM
  • USD/JPY hit a 15-month high Thursday but then turned down on the day

  • Daily doji formed & daily RSI diverged; some bearish signals flashed

  • Today USD/JPY rallied away from the 10-DMA as rising rates lift US$

  • Rally off April low is intact & pair above the daily cloud, 30-DMA

  • Tech signals are mixed but lack of a deep pull back imply bulls reign

  • 111.20/30 is an impediment for USD/JPY longs, if breaks 111.70/75 eyed

  • For more click on FXBUZ



usd/jpy Click here

Source:
Refinitiv IFR Research/Market Commentary

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