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Thomson Reuters
Apr 16 - 08:36 AM
USD/JPY - Bulls Set For Battle Close To Option Barriers Above
First appeared on eFXplus on Apr 16 - 06:35 AM
  • Japanese exporter sales capped USD/JPY in Asia
  • Range has been a narrow 107.13-107.61, bias for gains but obstacles remain
  • Talk of decent sized 108 option barriers with defensive offers ahead of them
  • USD/JPY bulls building as Syria risk fades, however nL1N1RT074
  • Good support found ahead of the daily cloud base nL1N1RT068
  • Talk in Tokyo of PM Abe government falling likely premature nL1N1RT02T

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Source:
Thomson Reuters IFR Markets

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