By Andrew M Spencer — Jan 04 - 10:15 PM
Off 0.45% in Tokyo, counter trading Wednesday's bounce - =USD down 0.5%
Yen crosses retreated, EUR/JPY -0.4%, AUD/JPY -0.7% and GBP/JPY -0.55%
BOJ to raise forecasts for key inflation gauge - sources nL4N33P3AS
Charts; momentum studies conflict, 21 day Bollinger bands head lower
5, 10 & 21 DMAs fall, Tenkan and Kijun lines slip - downside bias holds
133.84 falling Kijun line capped in December - remains pivotal resistance
Tokyo 131.69 low and this week's 129.51 trend low are initial supports
132.58 Tokyo high then 132.71 NY top are first resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary