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Thomson Reuters
Feb 26 - 06:12 AM
USD/JPY - Capped By Japanese Exporters Sales And The 200-DMA
First appeared on eFXplus on Feb 26 - 04:00 AM
  • USD/JPY has seen a narrow 110.76-111.08, according to prices on the EBS
  • Japanese exporters said to have sold USD/JPY for month-end hedging
  • Long liquidation, profit-taking also stymies the progress of USD/JPY bulls
  • While a new 2019 high at 111.24 Mon, it remains capped sub 200-DMA (111.31)
  • Spot shaky despite U.S.-China positive talks, 30-DMA beckons nL1N20K08W
  • 30-DMA, which is rising daily, is currently at 109.99

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