Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 29 - 04:55 PM

USD/JPY - Builds Out The Double-Bottom Base, Hurdles By 108 Next

By Randolph Donney  —  Jun 29 - 03:10 PM
  • USD/JPY's building May-June double-bottom gets confirmation nL1N2E60XR

  • 107.885 EBS-high just shy of 50% Fibo & 100-DMA at 107.94-95

  • Late pullback in Treasury yields and stocks checking gains for now

  • Bulls have the upper hand while above 10-DMA and tenkan at 107.07/6.98

  • IMM spec shorts potential fuel for higher prices

  • Week's biggest topside expiries are at 109 and 110

  • Japan jobs data tonight, Tankan and PMI on Wednesday

  • Fed Chair Powell speaking Tuesday, ISM and ADP Wednesday, NFP Thursday

  • For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!