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Jan 13 - 12:12 AM
USD/JPY - USD Spike Needed For A Sustained 109.75 Break
First appeared on eFXplus on Jan 12 - 09:55 PM
  • +0.1% in a quiet start to the Asian week, with a Japanese bank holiday

  • A tight 109.50/109.63 range with no weekend news to drive volatility

  • 109.45-50 650M strikes were a base in Asia and will support in Europe

  • 109.02 cloud top then 108.91, 38.2% of last week's bounce, a base below

  • 109.70/75 November/December range high capped Friday - solid resistance

  • Sustained 109.75 break would initially target option activity around 110.00

  • 110.55, 61.8% 2018/2019 fall would be the first significant technical level

jpy 2 jan 13 Click here

Source:
Refinitiv IFR Research/Market Commentary

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