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Sep 09 - 06:55 AM

USD/JPY - Goes South As Kuroda Warns Against 'Rapid' Yen Moves

By Martin Miller  —  Sep 09 - 04:35 AM
  • Yen bears unnerved by latest slide as Tokyo ramps up warnings nL1N30F0Q1

  • BOJ's Kuroda weighs in to warn against 'rapid' yen moves nL4N30G0YG

  • USD/JPY's march higher stopped one pip ahead of 145.00 on Wednesday

  • It has seen a setback from Friday's 144.10 EBS high, to hover near 142.00

  • USD/JPY fall could be limited by two key tech levels nL1N30G0FE

  • Tenkan line is at 141.52 and 141.55 Fibo, a 23.6% of the 130.40-144.99 rise

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are above +0.50

Source:
Refinitiv IFR Research/Market Commentary

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