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Nov 13 - 07:55 PM

USD/JPY - Jumps - Hawkish Fed Headlines Cool Optimism

By Andrew M Spencer  —  Nov 13 - 05:45 PM

  • +0.75% in thin early trading after hawkish Fed Waller comments nS0N2W5006

  • Rates will not fall until "clear strong evidence" inflation is falling

  • There is no significant Japan data or scheduled BoJ events today

  • Charts; 5, 10 & 21 day moving averages head lower, a bearish trending signal

  • Cloud base has held on the close since September 2021, 138.15 today

  • 143.42 Tenkan line and 143.82 cloud top are initial major resistance

  • Earlier 138.40 low and Friday's 142.48 top initial support and resistance

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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