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Dec 29 - 11:55 AM

USD/JPY - Longs Lose Momentum After A Fresh High Is Set

By Christopher Romano  —  Dec 29 - 09:41 AM
  • USD/JPY rallies overnight, aided by US interest rate rises US2YT=RREDJ2

  • Pair hits 115.04 ahead of NY's open but gains erode on broad US$ selling

  • USD/JPY turns negative, hits 114.75 on EBS, very little bounce seen

  • Daily techs war longs; RSI diverges, gravestone doji candle forms

  • Monthly bull hammer, rising monthly RSI imply any pull back could be limited

  • For more click on FXBUZ




usdjpy Click here

Source:
Refinitiv IFR Research/Market Commentary

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