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Mar 13 - 05:55 PM

USD/JPY - Slips With Share Prices On Tariff Rhetoric

By Robert Fullem  —  Mar 13 - 03:32 PM

• USD/JPY fell with US shares on Thursday as tariff threats unnerved investors

• Trump threatened 200% charge on EU wine imports, commits to April 2 tariffs

• EUR/JPY also lower on uncertainty about status of German fiscal plan

• US's Japan ambassador nominee said will likely ask fin. support for defense

• USD/JPY vols stay subdued; BOJ tightening outlook helps cap spot gains

• USD/JPY 9-day EMA offers nearby resist at 148.38

• Resist: 149.20-40 Wed. high and Feb. 20 low; 149.68 21-DMA

• Supp: 146.94 March 7 low; 146.52 Oct 2 high
Yen


(Robert Fullem is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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