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Aug 18 - 09:55 PM

USD/JPY - Gently Bid - Mixed FOMC Messages No Game Changer

By Andrew M Spencer  —  Aug 18 - 08:02 PM

  • +0.1%- closed +0.15%, bid in Europe- slipped with risk off FOMC nL1N2PP14Z

  • FOMC not a game changer, as mixed opinions have been common recently

  • Japan manufacturers' sentiment at a 3 1/2 year high in August nL4N2PP0XQ

  • Charts; momentum studies, 5, 10 & 21 daily moving averages conflict

  • Horizontal Tenkan and Kijun lines suggest consolidation - neutral setup

  • 110.00 and 110.42 daily cloud parameters are initial resistance

  • 109.54 early London low and Wednesday's 109.48 Tokyo base first supports

  • 109.65/75 1.524 BLN and 110.00 666 mln are today's close strikes

    For more click on FXBUZ


jpy aug 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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