Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 24 - 04:55 PM

USD/JPY - Inside Day Below 111.11 Two Daily Highs As NFP Vigil Begins

By Randolph Donney  —  Jun 24 - 02:54 PM
  • USD/JPY off 0.08% as dip toward Wed's 110.625 EBS low was bought

  • Wed/Thu 111.105/.11 highs and mildly O/B dailies stall the uptrend

  • US data ok, keep market pricing in late 2022 rate hike start

  • US infrastructure deal nL2N2O60YE looks somewhat supportive, but expected

  • Uptrend intact, needs a 111+ close and a good July 2 US jobs report

  • If cleared, long-term resistance is grouped in the 112.23-43 range

  • But vols falling and next big expiries at 111 and 110.50 say range trade

  • 10-DMA and tenkan at 110.38/36 and rising are key props

For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!