First appeared on eFXplus on Nov 13 - 01:30 PM
Risk-off sales on trade war and Hong Kong fears weigh nL2N27T0IG
Low close to Nov. 7 trend high session's 108.65 low, 50% of Nov's rise
Fed's Powell defends pausing rate cuts, stops Tsy yield drag on USD/JPY
S&Ps pullback to 10-DMA attracts buyers, FOMO bids, dim haven yen bids
Reversal of uptrend from Aug at risk w/o better trade news nL2N27T0O7
EUR/JPY below props by 120. AUD/JPY precariously perched nL2N27T0UI
A close Fri below up TL from Aug at 108.50 endangers recent spec longs
Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary