Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 20 - 07:55 PM

USD/JPY - Daily Cloud Key, BOJ Has Tools To End Ultra Low Rates

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!