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Nov 28 - 08:55 PM

USD/JPY - Yield Spreads Key - Charts Suggest Further Losses

By Andrew M Spencer  —  Nov 28 - 06:50 PM

  • Off 0.1% after closing down 0.2%, despite broad based USD strength

  • Softer UST yields helped slow the rebound as USD recovered European losses

  • Japan jobs slightly worse than forecast - 2.6% Vs 2.5% f'cast nP8N31Q02F

  • Data will not have any impact on the yen - UST yields and the USD lead

  • Charts; last week's break below the daily cloud was the first since Sep 2021

  • Break has been sustained, as the daily cloud rises - base today at 142.24

  • 5, 10 & 21 day moving averages and 21 day Bollinger bands head lower

  • Bearish signals support a downside bias while the 139.87 Tenkan line caps

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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