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Oct 11 - 08:36 AM
Continued Risk Appetite Fuels USD/JPY And EUR/JPY London Gains
First appeared on eFXplus on Oct 11 - 06:30 AM
  • USD/JPY bulls beware recent vulnerable shorts have been squared nL2N26W085

  • Though good buyers of both USD/JPY and EUR/JPY persist in London

  • Optimism on Brexit and U.S.-China talks aid flows out of the safe-haven yen

  • USD/JPY bulls target beyond Sept. 108.48 peak is the 200-DMA, now at 109.07

  • USD/JPY has seen a 107.84-108.26 range, according to prices on the EBS

  • EUR/JPY range has been 118.75-119.35. Tech USD/JPY update nL2N26W068

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Source:
Refinitiv IFR Research/Market Commentary

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