By Andrew M Spencer — Feb 09 - 10:30 PM
Steady in a 131.39-131.90 range EBS - bought into Tokyo fix, then retreated
Japan government to present BOJ nominees to parliament on Feb 14
The economic policy outlook of the next BOJ governor will be pivotal for yen
Nikkei trades up 0.5%, after strong earnings, in contrast to most bourses
Charts; 5, 10 and 21 day moving averages climb with 21 day Bollinger bands
Positive signals joined by a sustained break of resilient 130.99 Kijun line
Signals support a test of the falling daily Ichimoku cloud, today at 132.99
Daily cloud has capped since November - close inside bullish for next week
130.49 Tenkan line and today's 131.90 Tokyo top initial support, resistance
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Source:
Refinitiv IFR Research/Market Commentary