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Dec 26 - 08:55 PM

USD/JPY - Clings To Bullish Bias; Japan Retail Sales Beat

By Ewen Chew  —  Dec 26 - 06:57 PM
  • USD/JPY maintains bullish bias, well supported on charts

  • Base of Bollinger uptrend channel moves up to 114.10

  • Ichimoku Cloud just below at 113.87 provides extra support

  • Longs comforted by UST yields holding up well last week

  • Japan Nov retail sales +1.9% y/y vs forecast +1.7% nT9N2SM022

  • Should add to lingering risk-on sentiment from Wall St

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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