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Nov 15 - 11:55 AM

USD/JPY - Shorts Not Happy With Emerging Signals

By Christopher Romano  —  Nov 15 - 10:00 AM
  • USD/JPY fell to a 6-session low of 150.05 on EBS, buyers then emerged

  • US yield US2YT=RR drove broad based US$ buys; USD/JPY turned positive

  • Pair lifted above the 10-DMA and traded near 151.20, up +0.53%

  • Daily RSI diverged on the low, a daily bull hammer candle formed

  • Short-term signals suggests USD/JPY's up trend may not be finished

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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