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Jan 14 - 05:55 AM

USD/JPY - Slumps, Sell Stops Hit, BOJ Drop Hints On Rates

By Martin Miller  —  Jan 14 - 03:55 AM
  • USD/JPY slump persists, daily cloud support under pressure nL1N2TU0I0

  • Daily Ichimoku cloud support now spans the 113.17-64 region

  • Sales have intensified since NY trading on Thursday, EBS flow data shows

  • USD/JPY dropped from 114.22 to 113.64 on Friday, according to EBS prices

  • Sell stops, that were clustered under 114.00, were tripped in Asia

  • BOJ debates messaging on eventual rate hike nL4N2TT0WB

  • USD/JPY 30/60-day correlations with EUR/JPY are both under +0.50

EBS Flow Data Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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