Derived Data That Drive Results
By Randolph Donney — Feb 15 - 01:45 PM
USD/JPY rose 0.87% and well above 23.6% Fibo and Cloud base by 133
US sales data smashed forecasts, adding to big beats list since non-farms
Prices boosted more by rising 10-yr Tsy-JGB ylds spreads than 2-yrs
That due to profit-taking on Tsy curve inversion trades pre-20-yr auction
Two-yr yld spreads are holding huge post-NFP gains just shy of 2022's peak
The next price hurdle is 2023's 134.78 high on EBS
But charts point to the 38.2% of Oct-Jan drop and 200-DMA at 136.66/88
Wed's low was the first above the 55-DMA since Nov. 9's 145.17 low
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary
