Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 29 - 08:55 PM

USD/JPY - Carried Higher By Rising US Yields

By Krishna K  —  Oct 29 - 06:45 PM
  • USD/JPY opens 0.3% higher after test of support at 104.00 holds; low 104.02

  • Boosted by rally in U.S. yields on better than expected GDP datanL1N2HJ30Q

  • Strong recovery from 104.00 September 21 low sparks talk of double bottom

  • Rally over 105.05-10 signals low in place, will open test of 105.30 & 105.60

  • Pandemic lockdowns in Europe, U.S. election uncertainty limit JPY losses

  • USD/JPY derivatives show increased hedging around 102.00 nL1N2HK0SO

  • Position squaring to dominate Fri as traders await U.S. election Nov 3

  • Related nL1N2HK0LP

  • For more click on FXBUZ


A rebound, not yet a recovery A rebound, not yet a recovery: 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
!