By Martin Miller — May 03 - 03:00 AM
USD/JPY falters ahead of March 137.90 high, it peaked at 137.78 on Tuesday
Spot has found support near the 135.86 Fibo, keeps the bias on the upside
135.86 Fibo is a 23.6% retrace of the 129.65 to 137.78 (EBS) rise
However bulls should beware of the "cloud twist" circa 132.73-74, on Wed
On the day of a cloud twist it usually exerts magnetism
USD/JPY Trader TGM2336. Previous update nL1N36Z0E2
EUR/JPY has seen a 149.83-150.38 range on Wednesday, EBS data shows
Source:
Refinitiv IFR Research/Market Commentary