Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 25 - 01:55 AM

USD/JPY - Early Gains Short Lived - Focus On Japan Election

By Andrew M Spencer  —  Oct 24 - 11:35 PM
  • Steady in the middle of a 151.58-152.10 range with the Nikkei 0ff 0.97%

  • Likely importer Tokyo fix demand tested 152.10, then USD/JPY retreated

  • The weekend election is full of uncertainty on the ruling coalition makeup

  • Tokyo core CPI slipped below the BOJs 2% target - BOJ in no rush to hike

  • Charts; 5, 10 & 21-day moving averages climb, mixed daily momentum studies

  • Positive sustained break out of the Ichimoku cloud, which eases next week

  • The bullish setup targets a break of 153.41, 0.618% Fibo of July-Sept fall

  • 151.01 Tenkan line and the 150.67 cloud top are first supports

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!