By Martin Miller — Jan 15 - 05:11 AM
Solid USD/JPY buying seen on EBS since Wed has run into solid resistance
USD/JPY bulls blocked by cloud and falling trend-line supply nL1N2JQ0I0
Daily cloud spans 104.32-65 region. TL from March 2020 peak now at 104.22
USD/JPY sees a 103.65-85 range so far, according to EBS prices Friday
Japanese importer, investor and other bids trail down from 103.50
USD/JPY, EUR/JPY relationship weak, 30-day log correlation well under +0.50
EBS Flow Data Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary