Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Jan 25 - 07:55 AM

USD/JPY - Sellers Have Upper Hand, But That Could Quickly Change

By Martin Miller  —  Jan 25 - 05:53 AM
  • USD/JPY bulls stopped in their tracks by huge technical supply nL1N2K00EJ

  • USD/JPY sees a 103.68-89 range so far on Monday, meaning bias on downside

  • Japanese exporter offers have continued to limited the upside

  • There are said to be decent offers from Asian names circa 103.90 and 104.10

  • Though dollar shorts in real danger of being crowded out nL1N2JZ0EH

  • Global stocks rise on recovery hopes nL1N2K00HT

  • USD/JPY, EUR/JPY relationship weak, 30-day log correlation well under +0.50

Daily Chart: Click here

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved