By Peter Stoneham — Feb 15 - 04:40 AM
Long lower candle shadows a feature of USD/JPY since Feb. 2
The shadows highlighting supply fade and demand on dips theme
Broad based dollar gains following hawkish U.S. price data Tuesday
Contrasting BOJ-Fed expectations, widening of rate differentials eyed
USD/JPY breaks through the 132.99 Ichimoku cloud base: significant
Last close inside the cloud November 2022: cloud top a target at 139.17
Not sure dollar has the legs for that kind of a run but trend is building
A 38.2% Fibo of the 151.94-127.22 drop is at 136.66: 200DMA at 136.87
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Source:
Refinitiv IFR Research/Market Commentary