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Oct 16 - 08:55 PM

USD/JPY - Strong USD, Rising UST Yields Support, BoJ Watches

By Andrew M Spencer  —  Oct 16 - 06:35 PM

  • -0.15% early after with the U.S. dollar opening a touch softer

  • Closed up 1.05% Friday amid broad based risk off U.S. dollar strength

  • Wakatabe says yen's recent fluctuations too rapid, one-sided nL1N31G0FN

  • Wall Street fell, Treasury yields climbed - a negative lead for the Nikkei

  • TECHS; 5, 10 & 21 day, week and month moving averages all trend higher

  • Horizontal Tenkan and Kijun lines suggest short-term consolidation

  • Well tested trend channel that began in April, today major 149.28 resistance

  • 147.66 high on Thursday and 148.86 NY top are initial support and resistance

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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