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Dec 22 - 04:55 AM

USD/JPY - REFILE-BUZZ-USD/JPY Loss Consolidation With Downside Risk

By Peter Stoneham  —  Dec 22 - 04:30 AM

Yield changed sixth bullet

  • Calm after Tuesday's demolition: loss consolidation the theme

  • Still see downside risk while below 133.62, Dec. 2 low (EBS)

  • A minimum correction of the 151.94-130.58 drop is at 135.62

  • 10-day MA has crossed below the 200-day MA: bearish signal

  • 200-day MA comes in at 135.87: Dec. 20 BoJ news low 130.58

  • UST yields fall for a second day: 10s currently yielding 3.636%

  • USD/JPY fades after the Tokyo fix in very thin trading

  • A yard of 132.50 option strikes in the expiry diary for the NY cut

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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