Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 31 - 04:55 PM

USD/JPY - Month-End Short Squeeze Off Key Props To 106 Prior Range Base

By Randolph Donney  —  Jul 31 - 03:00 PM
  • Oversold USD/JPY ricocheted away from key props above 104 nL2N2F20L7]

  • Recovery boosted by month-end profit taking, MOF jawboning nL2N2F20TF

  • Session high so far at 106.05 on EBS is by June-May range lows

  • The 50% Fibo of July's drop and daily Kijun are at 106.18

  • The 61.8% Fibo is by the mid-July range lows range lows at 106.64

  • Monthly close below Aug '18 low @106.46 is lowest since Sep '16, bearish

  • 10-year Tsy-JGB yields spreads at 40-year lows are also bearish

  • For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!