Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Oct 30 - 01:55 PM

USD/JPY - Breaks Key Kijun Prop, Oct Lows Eyed If BoJ Lets JGB Yields Rise

By Randolph Donney  —  Oct 30 - 11:50 AM
  • USD/JPY is below the key kijun prop at 149.04 on Fed-BoJ policy rethink

  • BoJ may lift 10-yr JGB yld cap at 1% again to reduce QE usage, boost yen

  • Fed now favored to begin cutting rates as soon as June

  • A close below kijun could bring daily cloud top/Oct low at 147.35/30 in play

  • Today is first day below kijun line and first high below tenkan since July

  • Series of bearish divergences on daily RSIs, weeklies O/B and falling weigh

  • IMM specs also $8.3bln net long USD/JPY and at risk if prices tumble

  • Last big USD/JPY correction in July neared 100-DMA, cloud base & 2023 up TL

  • Those props are now at 145.35 and by 143.44

  • Fed seen steady on Wed. Key US labor data this week, with NFP out on Fri

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved