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Jul 29 - 06:55 AM

USD/JPY - Bulls Rebuilding Within Solid Cloud Support

By Martin Miller  —  Jul 29 - 05:14 AM
  • Weakened USD/JPY propped by daily cloud support nL1N2P50H9

  • Daily Ichmoku cloud currently spans the 109.30-110.10 region

  • USD/JPY has seen a 109.68-94 range on Thursday, according EBS data

  • Talk of bids from 109.50 down, while offers start at 110.00

  • USD/JPY and EUR/JPY positive relationship grows, 30-day correlation +0.67

  • Japan stocks biggest weekly foreign money outflows in 2 months nL4N2P51KU

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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