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Oct 17 - 03:55 PM

USD/JPY - REFILE-BUZZ-USD/JPY Holds Above 150 On Goldilocks View

By Content Admin  —  Oct 17 - 02:10 PM

Fixes typo in headline

  • USD/JPY is on pace to close above 150 for first time in three months as Treasury yields rise after strong retail sales data

  • Eyes Aug. 1 high of 150.88 as the next resistance point ahead of its 151.29 200-DMA and cloud top of 151.33

  • Supports are seen at 149.50/80 below the 150 psychological level

  • Option traders note short-dated vol selling while back-end skews advance as carry trades start to reengage

  • Amid record gold prices and share gains, AUD/JPY moves back above its 200-DMA at 100.23 after finding support at its 21-DMA of 99.59

  • Tokyo eyes nationwide CPI data for September on Friday

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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