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Thomson Reuters
Jul 11 - 08:36 PM
USD/JPY - Fresh Trend High, Correlation With Risk In Tatters
First appeared on eFXplus on Jul 11 - 06:25 PM
  • Softer pre Tokyo after closing +0.9% with a bullish outside day
  • Correlation with JPY as a safe haven has broken - will it be sustained?
  • Fresh 112.17 trend high, 112.33, 76.4% November/March fall first resistance
  • Horizontal Tenkan & Kijun lines do not support a trending move
  • Initial reaction in Tokyo is usually to counter trade offshore moves
  • If JPY holds here in Asia, the platform would be set for further gains

jpy jul 12 Click here

Thomson Reuters IFR Markets


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