Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 21 - 02:55 AM

USD/JPY - Under Pressure As The Nikkei Leads Local Stocks Lower

By Andrew M Spencer  —  Dec 20 - 10:20 PM
  • Trades -0.4%, with risk appetite undermined by soft stocks, AsiaxJP -0.45%

  • The Nikkei trades down 1.5% led by Toyo Construction and Toyota

  • US Treasury yields sustained Wednesday's losses, with the USD off 0.1%

  • Japan's government lifted economic growth estimates - no real shock

  • Charts suggest the USD/JPY downtrend has stalled, but markets are volatile

  • Horizontal Tenkan and Kijun lines support further choppy consolidation

  • Tokyo's 143.57 high and then 143.93 New York top are the first resistance

  • This week's 142.08 low, then the 140.95 December base are initial supports

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!