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Thomson Reuters
May 02 - 02:36 PM
USD/JPY - Pre-FOMC 110 Break A Bust, Bulls Want Assurance
First appeared on eFXplus on May 02 - 01:10 PM
  • USD/JPY got past the 110 barrier Japanese exporters defended
  • But tiny 110.05 high and pullback since show unease pre-FOMC
  • USD bulls look for reassurance on Fed rate hike path
  • NFPs and US-China trade talk risks Friday warrant wariness
  • Prior key rsst at 109.65 now props; 200-DMA at 110.24 key above

Chart: Click here

Source:
Thomson Reuters IFR Markets

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