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Thomson Reuters
Jul 18 - 03:48 PM
USD/JPY - Uptrend Paused By Long-Term Hurdles, Dodgy U.S. Data
First appeared on eFXplus on Jul 18 - 02:35 PM
  • USD/JPY runs into rsst by 200-WMA & 61.8% of 2017-18 slide @113.27-28
  • US housing starts miss, tariffs' stagflation risk steepen Tsy curve
  • S-T O/B risk, but uptrend intact while above c111.40 breakout point
  • Slew of resistance from 113.27 to 115 likely to slow the advance
  • Eyes on whether CNY will be let to slip further & weigh on JPY

Chart: Click here

Chart: Click here

Thomson Reuters IFR Markets


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