By Robert Fullem — Jan 10 - 02:42 PM
• USD/JPY slightly lower after a 157.24-158.89 EBS range after US jobs data
• Bearish tilt is due to US share drop, weak crosses and positon-squaring
• Yen buying anticipated ahead of midweek comments by BOJ hawk Dep Gov Himino
• Bets of Jan. BOJ hike building after article discussing wages, import costs.
• Follows comments from econ min. Ryosei Akazawa on BoJ policy coordination
• Support is 156.80-84 21-DMA and Dec. 20 close below nearby conversion line
• Post-Fed low of 156.02 and the 156.09 weekly cloud top is key support zone.
• Resist. is near 158.89 week's high, 159.20 and 159.67 upper Bollinger
• Tokyo is on holiday Monday
yen
(Robert Fullem is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters