Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Jun 16 - 11:00 PM
USD/JPY - Short Lived Early Dip, But Soft Nikkei Should Cap
First appeared on eFXplus on Jun 16 - 08:40 PM
  • Flat, closed +0.2%, JPY strengthened on the crosses as the USD climbed
  • No data or BoJ speakers today, focus on the Nikkei - trades -0.2%
  • 108.25 675M and 108.40-45 400M are the modest close strikes today
  • Horizontal Tenkan & Kijun lines suggest further consolidation
  • 107.77/107.81 - Jan 10 and June 4 lows - a double bottom provides a base
  • Primary trend lower since April - 109.24 Kijun line is pivotal resistance
  • Earlier 108.45 low and last week's 108.80 high initial support/resistance

jpy jun 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!