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Jan 28 - 03:55 PM

USD/JPY - Rebounds As Risk Tone Improves

By Robert Fullem  —  Jan 28 - 02:18 PM

(Changes apostrophe in headline)

• USD/JPY rises as U.S. megatech shares recover before earnings Wed

• Trsy yields edge up following US data and as equity indexes advance

• Yen volatility curve flattens, trading volumes ease ahead of Fed Wed.

• Resistance near 156 includes 200-hour MA, descending trendline from Jan high

• A move above 156.00 and the 156.76 Jan 23 high would target 158

• Support is seen at the 55-DMA of 154.98 and daily cloud top of 154.08
yen


yen


(Robert Fullem is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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