By Haruya Ida — Feb 20 - 09:11 PM
• Short-covering ahead of Tokyo's long weekend behind USD/JPY bounce
• From a fresh low of year at 149.29 earlier, USD/JPY to 150.45
• More retracements higher not ruled out but overall bias to remain down
• Central bank expectations playing a large part, higher JGB yields as result
• Some resistance noted above descending hourly Ichimoku kijun at 150.14
• Also descending 55-HMA 150.90 above, 100-HMA 151.27, Ichi cloud 151.32-45
• Related , for more click on [FXBUZ]
USD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters