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Oct 07 - 04:55 PM

USD/JPY - Trying To Shake Off The Summertime Blues With Fed's Help

By Randolph Donney  —  Oct 07 - 02:35 PM
  • USD/JPY cleared big resistance by 105.80, but not the down TL from June

  • The 106.11 high on EBS was just shy of that TL, today at 106.13

  • The flat cloud top at 106.18 has also yet to be cleared

  • Support since found by the 105.85 cloud base

  • US fiscal relief bill prospects rebounded from Tuesday nL1N2GY0MZ

  • Prices slightly firmer after FOMC Minutes support T-note yields, stocks

  • Minutes a shade less dovish than Fed Chair Powell has been nL1N2GY0MZ

  • USD/JPY close above 106.18 cloud top would target the 100-DMA at 106.55

    For more click on FXBUZ

Chart Click here

Refinitiv IFR Research/Market Commentary


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