By Andrew M Spencer — Oct 02 - 11:35 PM
Steady in a tight 149.79/89 range - cautious at psychological 150.00 area
Yen resilient in Asia, with the USD up 0.2%, EUR & GBP -0.1%, AUD -0.35%
Japan Finmin Suzuki says authorities stand ready to respond in forex market
Yen weakness, not levels, will likely trigger any BOJ intervention
JP10YTN=JBTC yields slipped from 0.78% to 0.765% as the BoJ bought
Charts; 5, 10 & 21 day, week and monthly moving averages climb
Strong trending setup targets a test of the 151.94 2022 trend high
148.22 22 DMA a base for the trend on the close, is pivotal support
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary