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Nov 26 - 08:55 AM

USD/JPY - Is Down, But Not Yet Out

By Martin Miller  —  Nov 26 - 06:35 AM
  • USD/JPY has dropped from 154.48 to 153.55, on Tuesday, EBS data shows

  • However, the daily chart shows spot could recover nL2N3MX0EB

  • Resilient USD/JPY could be set for bigger gains nL2N3MX0EB

  • There is scope for gains to eventually retest the Nov 156.76 (EBS) high

  • A break under last week's 153.28 low would defer

  • EUR/JPY has seen a 160.64-162.00 range, so far

  • Japan's service inflation keeps alive BOJ rate-hike prospects nL2N3MX005

Source:
Refinitiv IFR Research/Market Commentary

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