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Jan 11 - 05:55 AM

USD/JPY - REFILE-BUZZ-USD/JPY Seems To Be Hanging By A Thread Above 115.00

By Martin Miller  —  Jan 11 - 03:50 AM

Fixed grammar on first line

  • USD/JPY sees a 115.12-38 Tuesday range, according to EBS prices

  • Talk Japanese importers were bidding in early Asia, more bids circa 115.00

  • There is also said to be sell stops under 114.95 from weak USD/JPY longs

  • USD/JPY slumped under key 115.45 Fibo, 114.89 Fibo vulnerable, on Monday

  • 114.89/115.45 Fibos: 23.6%/38.2% of the 112.54-116.35 (Nov-Jan) EBS rise

  • USD/JPY-EUR/JPY 30-day correlation is above +0.5, 60-day is below

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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