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Oct 13 - 04:55 PM

USD/JPY - Top Haven Dollar Demand Erases Most Of Monday's Slide

By Randolph Donney  —  Oct 13 - 02:35 PM
  • USD/JPY's 105.285-625 rebound on EBS led by USD's better haven demand

  • Supply found by the 30-DMA and Friday and Wednesday lows near 105.60

  • Monday's close below the tenkan and up TL from September's low weighs

  • Projected Average True Range for Wednesday is currently 105.10-96

  • Lots of Fed speakers and President Trump, but options suggest sideways

  • Pre-election U.S. relief bill hopes dwindle nL1N2H4192

  • Yen advances on the crosses eyed amid global risk-off flows nL1N2H40WT

    For more click on FXBUZ

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Source:
Refinitiv IFR Research/Market Commentary

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