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May 11 - 04:55 PM

USD/JPY - Teeters, But Yet To Topple Below Friday's Key Jobs Miss Low

By Randolph Donney  —  May 11 - 02:48 PM
  • USD/JPY fell to 108.35 vs Friday's 108.34 post-payroll miss low

  • Up TL from January at 108.54 pierced again, but prices above it now

  • A close below the TL, Fri's low & a 61.8% Fibo at 108.34/32 pivotal

  • 108.985 high capped by cresting, 10- & 30-day MAs and tenkan and kijun

  • 10-year Treasury-JGB yield spreads up, but offset by haven yen demand

  • Focus Wednesday is on U.S. CPI, even though Fed says price spike will pass

    For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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