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Aug 18 - 03:55 PM

USD/JPY - Bears Gain Momentum Below 50% Fib By 105.62, Eye July Low 104.20

By Paul Spirgel  —  Aug 18 - 01:35 PM
  • USD/JPY ends NY -0.57% at 105.40, Tuesday range 106.10-105.28

  • Dollar tumbles below 106 vs yen, July's 104.20 low in sight nL1N2FK194

  • Pair consolidates below DMA's above 106, finds supt by 61.8% Fib by 105.28

  • IMM USD spec short positioning lowest since May 2011 nL1N2FG1PH

  • Fed low-for-longer view, delay in recovery aid weighs on USD

  • EUR/JPY near flat at 125.85, Tues range 126.08-125.39; moves USD based

For more click on FXBUZ


JPY Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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