Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 15 - 06:55 AM

USD/JPY - Solid USD/JPY Buying Since Wednesday Runs Into Heavy Supply

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!