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Mar 10 - 05:55 AM

USD/JPY - See-Saws After BOJ, London Sold, Key NFP Data Looms

By Martin Miller  —  Mar 10 - 04:00 AM
  • FX traders await key U.S. jobs data for dollar's next move nL1N35G316

  • USD/JPY EBS Asia low was 135.82. Spot spiked to 136.98 after the BOJ/Kuroda

  • BOJ keeps low rates as Kuroda sticks to script at final meeting nL1N35I014

  • USD/JPY suffers a setback to 136.10. EBS flow data shows solid sales in Ldn

  • USD/JPY's 'bull trap' and upcoming 'cloud twist' are negatives nL1N35I0H4

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are both above +0.60

  • The two currency pairs continue to move in tandem

Source:
Refinitiv IFR Research/Market Commentary

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