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Jun 19 - 06:55 AM

USD/JPY - Up After The Fed, But The Cloud Continues To Weigh

By Refinitiv  —  Jun 19 - 05:45 AM

• USD/JPY has risen from 144.75 to 145.41, on Thursday, EBS data shows

• USD up as Mideast worries rise, Powell flags inflation risks

• The daily cloud, that currently spans the 144.89-145.55 region, weighs

• If there is a break above the cloud, that could prove key

• However, a failure break above the cloud could hint at a top

• 30, 60-day log correlations between USD/JPY, EUR/JPY remains high

Daily Chart:


Source:
London Stock Exchange Group | Thomson Reuters

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