Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 11 - 05:55 AM

USD/JPY - FX Traders Continue To Exit USD/JPY After Cool U.S. CPI Data

By Martin Miller  —  Nov 11 - 04:15 AM
  • USD/JPY sold for most of this week, more so after U.S CPI data release Thurs

  • Cool U.S. CPI could see Fed dial back its hefty rate hikes nL1N3261GO

  • USD/JPY's biggest drop since 1998, on Thursday, closed under key 50% Fibo

  • 141.17 Fibo is a 50% retrace of the 130.40 to 151.94 (Aug to Oct) EBS rise

  • USD/JPY drops from 142.48 to 140.51 on Friday, 140.20 was Thursday's EBS low

  • USD in general is on back foot after its biggest drop in 13 yrs nL1N3263AT

  • 30, 60-day log correlations between USD/JPY and EUR/JPY remains under +0.50

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
!