By Robert Fullem — Sep 17 - 02:50 PM
Yen sinks broadly amid profit-taking and option-related sales ahead of Wednesday’s Fed policy decision
USD/JPY’s near 1% rise to 142.00 forms a bullish Marubozu after a hammer set a dollar bottom Monday
Currently testing its daily Ichimoku conversion line at 141.89
Nearby resistance is 142.21, the 9-day exp moving average, ahead of Sept. 11 high of 142.55
One-month risk reversals move sharply inwards amid USD call demand
Tokyo to see August trade data and July machinery orders
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Source:
Refinitiv IFR Research/Market Commentary