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Mar 09 - 06:55 AM

USD/JPY - FX Traders Nervously Await BOJ And U.S. Jobs: USD/JPY Heavy

By Martin Miller  —  Mar 09 - 04:35 AM
  • USD/JPY chart shows bulls might have run into a trap nL1N35H0N8

  • Spot suffers a setback from 137.33 to 136.22 Thursday, according to EBS data

  • Options warn of BOJ volatility, USD/JPY d-side risk premium nL1N35H0L1

  • A bigger USD rise dependent on keenly awaited jobs data nL1N35G316

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are both above +0.60

  • Euro has strong bias to rise against yen in March nL1N35A0SH

Source:
Refinitiv IFR Research/Market Commentary

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