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Sep 06 - 01:55 PM

USD/JPY - Range Trade The Only Game In Town

By Peter Stoneham  —  Sep 06 - 07:33 AM

  • Only game in town is to play short-term ranges, 109.42-110.42 (EBS prices)

  • Cloud twist, 110.11-12, value today looks to be attracting price

  • Positive 14-day momentum but on balance the charts lean slightly bearish

  • Long upper and lower weekly candle shadows highlight market indecision

  • W/e Sept 17 cloud twist, 106.23-46, having little influence so far

  • We will wait for a range break or stronger signals before trading

    For more click on FXBUZ








USD/JPY daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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