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Jan 23 - 03:48 PM

USD/JPY - Big Day For Haven Yen On Virus Fallout, PMIs Up Next

By Randolph Donney  —  Jan 23 - 01:25 PM
  • Yen everyone's haven friend nL1N29S0UA as virus threat assessed

  • USD/JPY down to 109.26 (EBS) so far, probing 38.2% of January rise

  • Close below 38.2% at 109.29 eyes 50%, kijun & cloud top @108.98-9.03

  • Big rise in IMM net spec longs possible selling fodder nL1N29S0LY

  • Tuesday's 109.76 low by the daily tenkan is now decent resistance

  • USD/CNY's surge and USD/JPY's fall have room to run nL1N29S0P7

  • JPY and global January PMIs Friday to take some focus from virus

Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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