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Feb 18 - 07:55 AM

USD/JPY - Big Support Looming But Don't Ignore The Twist

By Peter Stoneham  —  Feb 18 - 05:57 AM
  • Touted bids in the 105.60-70 area: pullback slowing nL1N2KO093

  • Carry trade demand to slow Yen recovery but USD/JPY 200DMA a 105.53 target

  • Daily cloud twist, 103.67-71 Mar 4, way off the pace but could attract

  • Minimum correction off the 102.60-106.22 climb come at 105.37

  • UST yields off highs, Nikkei closed down 0.2% and risk recovering

  • USD still pointing south despite departing the 106+ sell zone

  • Japanese exporter offers and option KO defence left behind in mid-106s

    For more click on FXBUZ







USD/JPY daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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