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Jan 10 - 11:55 PM

USD/JPY - Bullish Outside Week Targets Daily Cloud - USD Leads

By Andrew M Spencer  —  Jan 10 - 10:03 PM
  • +0.2% with the USD broadly higher =USD +0.35%, in a 103.81-104.20 range

  • Japan finds new coronavirus variant in travellers from Brazil nL1N2JL055

  • 80% want Tokyo Games cancelled or delayed - Japanese survey nL4N2JL072

  • Gaining control over COVID-19 pivotal for a strong 2021 economic rebound

  • Charts; Friday's strong close left a bullish outside week a bullish signal

  • Last week's sustained break of Kijun line, now 103.58 was a strong positive

  • Targets a test of the 104.32 cloud base - cloud capped on close since June

  • 104.39 Tenkan line, then last week's 102.59 trend low first major supports

    For more click on FXBUZ

jpy 2 jan 11 Click here

Source:
Refinitiv IFR Research/Market Commentary

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