By Ewen Chew — Oct 24 - 01:35 AM
USD/JPY recoils 0.3% to 152.25 but has room to fall
200 DMA at 151.40 is a key technical base to watch
But just below that, near 151.00, is a harder chart floor
100 DMA, 50% retracement, Ichimoku cloud converge there
Pullback to somewhere near that level might cue a bounce
USD/JPY fundamentals, political risks favour longs
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary