By Robert Fullem — Nov 21 - 02:15 PM
USD/JPY settles in middle of 153.91 to 155.41 range on EBS data as Treasury yield firm and US shares rise following data.
Geopolitical risks linked to Ukraine and higher vols send euro-yen down over 1% toward its nearby cloud top of 161.05.
USD/JPY supports include the 21-DMA at 153.65 and base line at 152.92.
Upper Bollinger of 156.25 is resistance above the 155.41 session high.
Japan CPI and PMI data is due on Friday and creates downside risks in pair if BOJ rate hike expectations build.
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Source:
Refinitiv IFR Research/Market Commentary