By Christopher Romano — Sep 06 - 11:50 AM
USD/JPY hit a fresh 10-month high of 147.82 on EBS then fell sharply
Japan's vice minister of fin. for int'l affairs Masato Kanda sank USD/JPY
USD/JPY hit 147.02 on EBS, buyers emerged, pair near 147.60 at Europe close
Above estimate US ISM non-mfg PMI drove US rates US2YT=RR, US$ upward
USD/JPY's price action Wednesday helped generate some bearish signals
A daily hanging man candle formed & daily RSI diverged on the new high
Recently established USD/JPY long positions may face downside risks
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Source:
Refinitiv IFR Research/Market Commentary