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Refinitiv
Jan 28 - 06:12 AM

USD/JPY - Sales Have Ground To A Halt, But Traders Still On Edge

By Martin Miller  —  Jan 28 - 03:55 AM
  • USD/JPY finding support on Tuesday ahead of Monday's 108.73 EBS low

  • But sentiment still fragile as markets eye China virus nL4N29X0RS

  • Flow data: sales seems to have ground to a halt since a bout in early Asia

  • USD/JPY bleed stemmed by cloud, key Fibo supports, gap above nL1N29X057

  • Cloud: 108.81-109.05. Fibo: 108.66 (107.65-110.30). Gap: 109.13-18

  • Prev nL1N29W04Z. EUR/JPY's 30/60-day correlations with USD/JPY are high

EBS Flow Data: Click here

Source:
Refinitiv IFR Research/Market Commentary

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