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Aug 31 - 05:55 AM

USD/JPY's Downside Risks Grow, Japanese Exporters On Top

By Martin Miller  —  Aug 31 - 03:59 AM
  • Talk Japanese exporter offers trail up from 110.00, likely limiting upside

  • USD/JPY remains offered while stuck under the thin daily cloud nL1N2Q20E5

  • The daily Ichimoku cloud currently spans the 110.10-11 region

  • Stops are likely clustered above the daily cloud

  • USD/JPY has seen a 109.78-98 range on Tuesday, according to EBS prices

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are both above +0.50

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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