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