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Nov 13 - 03:48 PM
USD/JPY - Powell Pauses Rates, Risk-Off Drop, But Data, Trade News Key
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

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