Derived Data That Drive Results
By Martin Miller — May 01 - 05:55 AM
Nikkei crosses 29,000 as yen weakens on BOJ's dovish stance nL1N36Y06M
USD/JPY's 2nd biggest gain of 2023 on Friday, very bullish sign nL1N36Y07H
The currency pair closed up a whopping 239 pips on Friday
Spot's rise continued on Monday from 136.20 to 136.98, EBS data shows
200-DMA at 137.01 and the March 137.90 peak are both vulnerable for a retest
EUR/JPY's correlation with USD/JPY high, 30/60-day logs are both above +0.60
Daily Chart: Click here
Biggest USD/JPY Gains Table: Click here
Source:
Refinitiv IFR Research/Market Commentary
