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Sep 18 - 04:55 PM

USD/JPY - Holds July's Low, But Bears Are In Control

By Randolph Donney  —  Sep 18 - 02:45 PM
  • USD/JPY's 104.27 EBS low nearly reached July's 104.195 nadir

  • A bounce in Treasury yields on Michigan and LEI beats supported

  • Daily RSI also in oversold territory before 4-day Japanese weekend

  • Diving real Tsy-JGB yield spreads could see 2020 lows again nL1N2GF0F6

  • GBP/JPY has potential for an 8% fall nL1N2GF0RB

  • And EUR/JPY is set for a bearish weekly close nL1N2GF0VC

    For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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