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Nov 20 - 08:55 AM

USD/JPY - Fragile USD/JPY Looks Set For Even Bigger Losses

By Martin Miller  —  Nov 20 - 06:35 AM
  • Dollar slides to over two-month low as Fed cut bets take charge nL1N3CL0GL

  • USD/JPY has dropped from 149.99 to hit 148.16, on Monday, EBS data shows

  • The daily cloud currently spans the 145.84-148.52 region nL1N3CL0KC

  • Spot could be set to head towards the cloud base in coming sessions

  • Correlation between USD/JPY and EUR/JPY breaks down, both sub +0.50

  • Nikkei falls from 33-year high as sharp gains stoke caution nL1N3CL0DV

Refinitiv IFR Research/Market Commentary


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