Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Apr 06 - 04:55 PM

USD/JPY - Recovers With Risk After Dip On Claims, But Big Sell Looms Post-NFP

By Randolph Donney  —  Apr 06 - 02:40 PM

  • USD/JPY rebounds with risk-taking amid pre-holiday and payrolls squaring

  • US layoffs and claims triggered a brief dip to 130.945 on EBS

  • Big upward revisions to claims amid seasonal adjustment changes

  • Market moves on and squares more risk-off trades pre-NFP and holiday

  • Also some hope payrolls will beat f/c for a 12th straight month

  • Forecast is 239k vs 311k last, with "smart' forecasters at 232.5k

  • Key weekly sell signal risk exists below 132.24 cloud base

  • Daily cloud base and 50% of week's 133.75-0.84 drop are at 132.16/20

  • Weekly cloud base hasn't been breached since March 2021

  • Pending signal follows this week's high rejected by weekly tenkan

  • If triggered, Feb's low & 50% of 2021-22 rise @127.215/27 are in play

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved