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Sep 22 - 04:55 PM

USD/JPY - Recovers To August Lows And Pre-Japan Holiday Levels

By Randolph Donney  —  Sep 22 - 03:05 PM
  • USD/JPY's 105.08 EBS high stalls by August's low, daily tenkan

  • Prices back up where they were before Japan's two-day holiday

  • Would need a close above the 105.10/15/20 hurdles to eye 21-DMA

  • Rally away from lower 21-day Bolli puts the 21-DMA at 105.74 in play

  • But only if the tenkan and kijun at 105.15/47 can be cleared

  • There's an oversold RSI, bullish divergence with July, September lows

  • Fed's Powell eyes more fiscal help, but Fed seen steady for now

  • Haven yen demand may drop off if S&Ps rebound retakes its 50-DMA

  • September PMIs on tap Wednesday. BOJ's Kuroda speech may get a glance

    For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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