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Nov 19 - 08:36 PM
USD/JPY - Trades Soft, Looking For A Decisive Risk Move
First appeared on eFXplus on Nov 19 - 06:25 PM
  • -0.1% after closing off 0.1%, led by a fall in long end UST yields

  • Trades lead data - polls exports -7.6%, imports -16%, balance 301.0B

  • Little lead from Wall Street, data unlikely to impact - range trading

  • Horizontal Tenkan and Kijun lines do not suggest a trending move

  • Rising daily cloud for the next few week may provide underlying support

  • Major resistance at 109.35/50, 61.8% 2019 fall and the November high

  • 108.00 410M, 108.15-30 700M, 108.50-60 700M and 108.75 250M close strikes

jpy nov 20 Click here

Source:
Refinitiv IFR Research/Market Commentary

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