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TDUX
Jul 02 - 04:55 AM

USD/JPY - Jittery USD/JPY Slumps Close To A Key Fibo 

By Martin Miller  —  Jul 02 - 02:57 AM

• Dollar steady ahead of US payrolls, yen intervention jitters persist

• Japan shifts to ambush intervention tactics against yen short sellers, sources say

• USD/JPY has slipped from 162.60 to 161.12, on Thursday, EBS data shows

• Spot finds support ahead of 160.99 Fibo, a 23.6% retrace of the 155.00-162.84 (May-July) rise

• Market nervous over possible Japan FX intervention post-US jobs report

• EUR/JPY's relationship with USD/JPY is broken, 30-day log correlation near to zero

Daily Chart


(Martin Miller is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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