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Aug 12 - 02:55 AM

USD/JPY - Finds Some Upward Traction In Thin Holiday Liquidity

By Ewen Chew  —  Aug 12 - 01:20 AM
  • USD/JPY ekes out modest gains, last 147.15 from 146.49

  • Liquidity thin due to Japan financial market holiday

  • Potential to rise may depend on Mon close above 146.98

  • That would disengage from Bollinger downtrend channel

  • 23.6% Fibo at 146.46 may prove to become a solid floor

  • All eyes are on US inflation data on Wed for next cue

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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