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Oct 03 - 01:55 AM

USD/JPY - Psychological 150.00 Caps, As The U.S. Dollar Leads

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

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