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Oct 27 - 04:55 PM

USD/JPY - Stalking October's Lows As Haven Yen Gains Friends

By Randolph Donney  —  Oct 27 - 02:35 PM
  • USD/JPY nearing October's 104.345 low on EBS as yen haven is favored

  • Dollar softer due to falling Treasury yields, US election, relief risks

  • A close below 104.50, the 76.4% Fibo of Sep-Oct rise, eyes Sep's 104 low

  • 21-day Bollis still bearishly expanding from tightest since 2014

  • U.S. political and fiscal uncertainty lifts vols and haven yen demand

  • Monday's 105.055 EBS high rejected exactly at key kijun, bears waiting

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Source:
Refinitiv IFR Research/Market Commentary

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