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Nov 03 - 10:55 PM

USD/JPY - Probes 200 DMA In Key Test Of Bullish Convictions

By Ewen Chew  —  Nov 03 - 10:15 PM
  • USD/JPY drops as low as 151.62 from intraday high 152.95

  • Break of 200 DMA at 151.57 floor may cue momentum selling

  • That could send it toward 100 DMA, currently at 150.37

  • Monday closing below 152.65 confirms bullish bias eroded

  • That would take USD/JPY out of Bollinger uptrend channel

  • Liquidity thin with Japan financial markets closed Mon

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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