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Jan 22 - 06:55 AM

USD/JPY - Negatives Mount Against USD/JPY

By Martin Miller  —  Jan 22 - 04:38 AM
  • Stocks dip from record highs made on Biden's stimulus proposal nL1N2JX0CV

  • Dollar nurses weekly loss as bounce fades nL1N2JX0B8

  • While EBS flow data hints at solid USD/JPY buying all week

  • Japanese exporter offers have continued to limited the upside

  • USD/JPY sees a 103.49-69 range so far on Friday, bias on the downside

  • USD/JPY chart shows huge technical resistance remains nL1N2JX0GL

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

EBS Flow Data Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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