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Dec 14 - 05:55 PM

USD/JPY - Bearish Range Break Quickly Erased By Intraday Risk Slip

By Randolph Donney  —  Dec 14 - 02:10 PM
  • Early NY break of 4-week range base threatens bigger drop nL1N2IU0Z9

  • But the low at 103.52 on EBS came amid a broader dollar rebound

  • Prices since are back up by the 10-DMA and tenkan at 104.13-15

  • Would need a daily range above there to undo today's bearish range break

  • If the rebound falters, November's 103.18 low will be the next target

  • Broader objectives are at 102.55/60 nL1N2IU12T

    For more click on FXBUZ

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Source:
Refinitiv IFR Research/Market Commentary

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