By Andrew M Spencer — Feb 20 - 05:50 PM
Steady after closing up 0.1% with the U.S. dollar little changed
JibunBK flash PMI leads today's data - interesting rather than market moving
BOJ has tools to end ultra-low rates - timing, communication key - Amamiya
TECHS - 5, 10 & 21 day moving averages plus 21 day Bollinger bands climb
Bullish setup - Yen in fast falling daily Ichimoku cloud - breakout bullish
First time in the cloud since November - 137.07 cloud top pivotal resistance
132.46 horizontal Tenkan line then 131.84 cloud base are the major supports
133.92 London low and Monday's 134.35 Tokyo high initial support, resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary