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May 25 - 05:55 AM

USD/JPY - Setback Meets Good Demand, Big Support

By Richard Pace  —  May 25 - 03:50 AM
  • USD/JPY suffers amid broader USD weight 108.86-57 (EBS) Tuesday

  • Decent demand/bids pre 108.50, not below since May 11

  • May 11 low 108.35, May 7 low 108.34 - strong technical support

  • USD/JPY regains upper 108.60's since. Supply above 109.00, 21-dma 109.01

  • USD/JPY within 108-110 for a month - barriers at both levels nL2N2NB0IF



For more click on FXBUZ


JPY=EBS Click here

Source:
Refinitiv IFR Research/Market Commentary

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