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Nov 04 - 02:55 AM

USD/JPY - Bounces At Crucial Chart Pivot; Volatility Persists

By Ewen Chew  —  Nov 04 - 01:55 AM
  • USD/JPY bounces just before 200 DMA 151.57, last 152.08

  • Hit an intraday low of 151.60 in Asian trading session

  • Volatility persists as Japan financial markets closed

  • Thin liquidity, pre-US election jitters shake the USD

  • Outlook for USD broadly hinges on US election outcome

  • Bollinger uptrend channel at 152.68, Ichimoku cloud at 148.72

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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