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May 15 - 07:24 AM

USD/JPY - Holds Cloud Base With Some Faux USD Support From Trump

By Randolph Donney  —  May 14 - 08:15 AM
  • USD/JPY prices bottom for a 2nd day above the 106.705 EBS cloud base

  • Trump's faux endorsement of strong dollar nL1N2CW0HH in the mix

  • Trump simply acknowledging Fed isn't going to take rates negative

  • U.S., global markets still somewhat risk-off post-Powell nL1N2CV0QF

  • Tighter range ahead of U.S. jobless claims at 8:30 ET

  • Rate of descent in enormous claims jump key re deepness of depression

  • Powell noted the longer & deeper the pandemic hit, the longer the exit

  • Prices currently between 100- and 200-HMAs 107.10 and 106.78

  • Hourly cloud cover above into claims report

Chart Click here

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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