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Sep 26 - 06:12 AM
USD/JPY - Bulls Could Make A Fast Buck As Trade Optimism Rises
First appeared on eFXplus on Sep 26 - 03:55 AM
  • Japan shares rise on trade optimism nL3N26H0SG, props USD/JPY

  • USD/JPY has seen a 107.59-107.77 region, according to prices on the EBS

  • Spot may be cheap despite Sino-U.S. trade risks nL2N26F073

  • Support swells ahead of a key Fibo and thick daily cloud nL2N26H05Z

  • Cloud spans 106.60-107.19 region. 106.94 is 38.2% of 104.46 to 108.48 rise

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are +0.63/+0.71

Dakly Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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