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Mar 25 - 04:55 PM

USD/JPY - Riding Higher On Dollar's Coattails, Claims Beat And Vaccine Treat

By Randolph Donney  —  Mar 25 - 02:44 PM
  • USD/JPY has rebounded toward March's 109.365 EBS high

  • Broad dollar index buying upped on clearing its 200-DMA nL1N2LN1G7

  • Nice surprise from falling jobless claims also working in dollar's favor

  • US pandemic rebound advantage aided by doubled vaccination goal nL1N2LN2MR

  • USD/JPY still has headwinds from big belated spec net longs, O/B weeklies

  • But upside targets at 109.56/85 remain in play nL1N2LN17Y

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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