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Dec 24 - 04:55 AM

USD/JPY - Upside Limited, Watanabe Gives View On 100 Defence

By Martin Miller  —  Dec 24 - 03:15 AM
  • Watanabe: Japan may intervene to arrest yen rise but only once nL4N2J40W8

  • Former currency diplomat skeptical authorities could keep USD/JPY above 100

  • Sell-rally strategies seems to dominate USD/JPY, limiting its upside

  • USD/JPY has seen a tight 103.50-62 EBS range so far on Christmas eve

  • Long upper shadow on Monday's candle continues to weigh heavily on USD/JPY

  • FX traders should seek downside insurance into 2021 nL1N2J20M2

  • Kuroda: BOJ ready to make stimulus more sustainable nT9N2IO001

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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