eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
Sep 25 - 02:55 AM
–
USD/JPY - USD/KRW May Lose Foothold As USD/JPY Slips On Jawboning
By Ewen Chew — Sep 25 - 12:45 AM
• USD/KRW retreats to 1359.5, slipping under 21 DMA 1362.2
• Potential Fri close below 21 DMA indicates loss of chart support
• That may open the way to Bollinger downtrend channel 1347.4
• USD/JPY sliding due to jawboning pulls most USD/AXJ lower
• Japan finmin says Trump concerned at yen weakness
• But UST yields stay elevated, buoying USD elsewhere; 2y
4.906%
KRW
(Ewen Chew is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters