Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 27 - 11:55 AM

USD/JPY - Ends NorAm By Session Highs As Recent Haven Flows Unwind

By Paul Spirgel  —  Dec 27 - 10:01 AM

  • USD/JPY rises +0.9% to 114.75, Monday range 114.78-114.33

  • Pair bid amid low holiday/YE liquidity; yen haven bid evaporates

  • Despite rising Omicron cases governments seen shying away from lockdowns

  • Lower-for-longer JPY rate outlook takes precedence, yen longs unwind

  • Pair probes abv its upper 21-d Bolli (114.62) eyes late Nov highs by 115.5

  • Support at Fri low by 114.30, cluster of DMAs 114.03 to 113.90

  • EUR/JPY up 0.2% to 129.96; without haven yen buyers low-yielding yen remains soft


For more click on FXBUZ


JPY Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!