By Andrew M Spencer — Oct 24 - 07:20 PM
Off 0.05% after closing -0.6% as yield spreads tightened, with the USD +0.4%
Japan election is expected to be close - perhaps a coalition and uncertainty
Bank of Japan Gov Kazuo Ueda remains cautious on US markets and Japan rates
Tokyo CPI, services PMI, then revised leading indicators lead data risk
Today's Japanese data will be interesting but unlikely to move USD/JPY
Charts; 5, 10 & 21-day moving averages climb, mixed daily momentum studies
The sustained break of the Ichimoku cloud top this week is positive
The bullish setup targets a break of 153.41, 0.618% Fibo of July-Sept fall
151.01 Tenkan line and the 150.67 cloud top are first supports
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary