Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 20 - 11:55 AM

USD/JPY - RPT-BUZZ-USD/JPY's Bull Run Loses Steam

By Robert Fullem  —  Sep 20 - 09:35 AM

Repeats with no changes

  • USD/JPY's week-long bull run starts to slow

  • Upward momentum stalls above the post-US payrolls high of 144.20 as it nears its Ichimoku base line of 144.453 and an Aug. 15 trendline

  • Price congestion and options near 145 offer strong resistance ahead of 146.145, the low second week of August when futures turned yen bullish

  • Yen weakness Friday followed dovish-leaning BOJ Ueda comments, flagging overseas growth outlook and market instability

  • Japan also posted a 3% CPI print; October inflation numbers will be closely watched for service pricing and strong yen's impact

  • Steady Treasury yields, lower vols, and softer option skews should limit USD's downside Friday; risk reversals are 1.2% for yen calls vs. 2.0% Monday

  • Nearby supports are at 142.43 Sept. 17 high and 141.74 day’s low

  • GBP/JPY gains stall near 50-day MA of 191.74 ahead of 200-day MA at 192.35

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!