Derived Data That Drive Results
By Andrew M Spencer — Jun 06 - 09:45 PM
+0.55% in Asia, touching a fresh 132.75 trend high not seen since April 2002
Rising inflation and cost of living is hitting Japan consumers nL1N2XT17N
Kuroda to continue holding rates down to force wages higher nT9N2X900X
This situation underpins major 2022 yen weakness - no sign of change
Techs, break of 131.35 May trend high leaves 5, 10 & 21 DMA tracking north
Tenkan and Kijun lines head higher - pivotal support at 129.60/65
Tokyo 131.86 low is initial support, then Monday's 130.43 base
Blue sky to the next resistance, being 135.20 2002 high
For more click on FXBUZ
jpy 2 jun 7 Click here
Source:
Refinitiv IFR Research/Market Commentary
