Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Aug 29 - 07:24 AM
USD/JPY - REFILE-BUZZ-CNY Up, Yen Down, Bigger USD/JPY Rise Looks Likely
First appeared on eFXplus on Aug 29 - 05:20 AM

Amends last line to Japanese banks

  • China yuan rallies on trade talk optimism. Weighs spec bets
  • USD/JPY rises to 106.36 breaking 21-DMA and 38.2% drop from July's peak
  • Scope now for 50% target @ 106.89, major Aug 13 peak at 106.98
  • Tomorrow Aug 30 is Gotobi day. Flows closer month-end usually larger
  • In contrast specs are sitting short USD/JPY vulnerable to tech break
  • Stronger CNY should logically underpin riskier assets weigh safer assets
  • Moody's places 16 Japanese banks on review for downgrade

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!