By Christopher Romano — Mar 14 - 11:50 AM
USD/JPY rallied Tuesday but stalled short of Monday's high
Pair traded within Monday's range, implies consolidation likely
US rate EDZ3US2YT=RR gains lend support but are near recent lows
Should the recent US rate slide resume USD/JPY is likely to follow
Daily cloud thinning & twists end of March; may attract price action
USD/JPY bulls likely need 135.15/35 break to take greater control
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary