By Randolph Donney — Feb 03 - 01:35 PM
USD/JPY up nearly 2% on huge US jobs nL1N34I2TY and ISM beats nN9N32B01A
Prices past the recent downtrend line, 30-DMA and daily Kijun hurdles
And nearing Jan. 18's BoJ meeting day spike high at 131.58 on EBS
Nearly 25bp of Fed hikes priced back in by 2024 after data shockers
Markets still on the watch for a BoJ move to let JGB yields rise more
But hawkish shift in Fed expectations is a more important factor for now
First close above the kijun at 131 since 148.26 Nov. 2 close is possible
Above the 131.58 spike high are the 55-DMA and cloud base at 133.47/89
Rising 55-WMA and falling 10-WMA are converging near 132 nL1N34J1FD
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary