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Jan 11 - 11:55 AM

USD/JPY - REFILE-BUZZ-This Is A Good Spot To Pick A USD/JPY Top

By Justin Mcqueen  —  Jan 11 - 09:45 AM

Corrects author's name in signoff

  • USD/JPY rises to 146.41 EBS after U.S. CPI data nL1N3E10QY

  • Top 20-day Bollinger bands is 146.62

  • Daily Ichimoku cloud 146.20-76, 55-DMA 146.58

  • 100-WMA at 147.39 is good spot to shelter stops, rise over would concern

  • Although $ rallied after CPI, expectations for easing did not shift

  • A 69% chance of rate cut in March with 143bps of easing eyed in 2024

Source:
Refinitiv IFR Research/Market Commentary

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