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Mar 07 - 08:55 PM

USD/JPY - USD/KRW Crushed By Falling USD/JPY; Cloud And 50% Line Crack

By Ewen Chew  —  Mar 07 - 07:40 PM
  • USD/KRW crushed by USD/JPY; last 1323.7, off low of 1322.8

  • Fri drop has cracked Ichimoku cloud support 1325.7

  • Also briefly dipped below 50% retracement line 1323.8

  • Further downside available on Fri close below that level

  • Powell's slightly dovish remarks tanked DXY o/n nL2N3FL2E5

  • Bets on BOJ hiking this month accelerate USD/JPY plunge

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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