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Sep 23 - 08:55 AM

USD/JPY - Stumbles As Solid Resistance Limits The Upside

By Martin Miller  —  Sep 23 - 06:35 AM
  • USD/JPY recovery runs into solid supply circa the 144.86 Fibo nL1N3L404E

  • 144.86 Fibo, 23.6% of the 161.96-139.58 (Jul-Sep) EBS drop

  • Yen grinds even lower on Monday nL1N3L5024

  • Spot peaked at 144.50 on Friday, slips from 144.45 to 143.33 on Monday

  • EUR/JPY and USD/JPY currency pairs continue to trade in tandem

  • Top FX diplomat: watching for build-up of yen carry trades-NHK nL4N3L3009

Source:
Refinitiv IFR Research/Market Commentary

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