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Dec 03 - 03:55 PM

USD/JPY - Moves Deeper Into Daily Cloud

By Robert Fullem  —  Dec 03 - 02:15 PM
  • USD/JPY settles near bottom of 148.65 to 150.465 EBS range as Treasury 2-year yields, yen crosses ease

  • Pair dipped below its 148.97 100-DMA and weekly cloud bottom at 148.75 amid haven-linked buying after South Korean President Yoon declared martial law

  • Yen gains were pared once lawmakers voted against Yoon's declaration

  • Overnight vol is 10.1% ahead of Japan PMI and US ADP on Wednesday

  • Fed Governor Powell is slated to speak after data

  • Daily cloud top of 149.63 is resistance ahead of the 150 psychological level

  • Several yen crosses are flirting with oversold territory

Top of daily cloud at 149.63 is near-term resistance ahead of JOLTs report

Deterioration follows report of South Korean President Yoon declaringmartial law

Closely-watched EUR/JPY slips 156.64 EBS low, eyes Monday's low of 156.40

EUR/JPY 21-DMA at 162.31 looks to cross below its 100-DMA and 55-DMA

  • EBS

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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