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Sep 02 - 04:55 PM

USD/JPY - Rides Dollar Bounce, Suga News Into The Cloud, 107 Key

By Randolph Donney  —  Sep 02 - 03:30 PM
  • USD/JPY up near daily cloud base at 106.31 on broad USD bounce

  • Shakes off weak ADP nL1N2FZ0IH given huge disparity with NFP

  • Further removal of haven yen bid due to Abe resignation nL4N2FZ0RR

  • Bullish seasonal biases for USD index and USD/JPY nL1N2FY1HX

  • Close above the 55-DMA near 106.50 Thursday key to c107 range top test

  • Daily cloud flattens out at 107.02 on Friday, by August's 107.05 high

  • Bulls in control unless 61.8% Fibo prop at 105.29 is closed below

  • Late story from NYT; CDC ask states to prep for possible early Nov vaccine

  • Sounds risk-on if there's substance behind it

  • For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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