Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 02 - 06:55 AM

USD/JPY - FX Traders Stuck In A USD/JPY Rut As U.S. Jobs Data Nears

By Martin Miller  —  Jul 02 - 04:45 AM
  • Asian stocks near 4-month highs on vaccine hopes nL4N2E91HN

  • Record U.S. job growth expected, but masks labor mkt weakness nL1N2E820Y

  • USD/JPY has seen tight trading on Thursday, 107.34-55 range on EBS so far

  • Market continues to trade circa the large 107.50 NY cut expiry worth $1B

  • USD/JPY bearish engulfing, bull trap, takes pressure off shorts nL1N2E909G

  • EUR/JPY 30/60-day correlations with USD/JPY are strong, readings +0.63/+0.61

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!