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Thomson Reuters
Apr 05 - 05:00 AM
USD/JPY - REFILE-BUZZ-USD/JPY Bulls Overcome 200-DMA, To Take Cue From U.S. Jobs Data
First appeared on eFXplus on Apr 05 - 02:55 AM

Fixed case in "closes" on second line

  • USD rises against yen on trade optimism; U.S. jobs data awaited nL3N21N07N
  • USD/JPY registers two daily closes above 200-DMA (now at 111.49) in a row
  • USD/JPY as seen a 111.60-111.80 range on Friday, according to EBS prices
  • Bias still up, Japanese better buyers on dips, while exporters bide time
  • EUR/JPY's "bear trap" with last week's failure below 123.81 Fibo yen bearish
  • 123.81 Fibonacci level is a 38.2% retrace of the 117.85-127.50 (EBS) rise

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