Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 03 - 04:55 PM

USD/JPY - Nearly Flat After Strong U.S. Data, As-Expected Fed

By Randolph Donney  —  Nov 03 - 03:09 PM

  • USD/JPY little changed and centered on sideways tenkan at 113.85

  • Second doji candle in a row despite strong US data nL1N2RU1LD

  • Fed launches expected taper, remains cautious on rate hikes nL1N2RT12T

  • Fed still with more room to raise rates than immobile BOJ

  • Primary uptrend consolidating after holding Fibo props, 21-DMA

  • May need stronger payrolls data Friday to test 114.695 trend high

  • Also have Nov 2017 high at 114.74 on EBS and hurdles at 115

  • Upcoming options expiries either side of 114 through next week

    For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!