By Andrew M Spencer — Jan 16 - 06:15 PM
Touch softer extending Monday's 0.1% dip, as yen and yuan led the USD higher
EZ yields up on upcoming heavy supply, Japan contagion fears nL1N3410LV
German wholesale prices came in under forecasts - good news nL8N3410WW
Expecting yen cross flows and /or the U.S. dollar to lead in Asia
Charts; mixed momentum studies, 21 day Bollinger bands edge north
5, 10 & 21 day moving averages head higher - positive setup
Next significant resistance is 1.0938 50% of the 2021-2022 fall
European 1.0802 low and Asia's 1.0874 top Monday first support resistance
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Source:
Refinitiv IFR Research/Market Commentary