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Oct 23 - 05:55 AM
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USD/JPY - Bounces From Cloud Lows, Yen Eyes Weekly Gain
By Martin Miller — Oct 23 - 03:37 AM
• Yen set for weekly gain as AI jitters spur safe-haven rush
• USD/JPY fell deeper into the daily cloud, that currently spans 156.06-158.44 region
• Spot has since recovered from Asia's 156.08 low, to hit 157.19 in London, EBS data shows
• Yen options poised for more volatility and losses
• EUR/JPY up from 175.25 to 176.20, Friday, upside may be
limited by EU political-fiscal problems
Daily Chart
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters