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Thomson Reuters
Jan 02 - 03:48 AM
USD/JPY - Extends Losses, Drags USD Broadly Lower
First appeared on eFXplus on Jan 02 - 01:25 AM
  • USD/JPY extends losses, hits a low of 109.13 below Jun/July lows @ 109.20/35
  • No significant support until 61.8 Fibo of 2018 range at 108.38
  • Risk still under pressure with e-minis now down 0.9%, but USD broadly lower
  • Monday NY low at 109.56 likely to provide resistance now
  • S/t MAs and momentum studies head lower, supporting further USD losses

JPY daily: Click here

Source:
Thomson Reuters IFR Markets

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