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Aug 07 - 04:55 PM

USD/JPY - Downtrend Endangered By Oversold USD's Rebound, Specious NFP Beat

By Randolph Donney  —  Aug 07 - 02:55 PM
  • USD/JPY driven up before, but mostly after, payrolls nL1N2F9115

  • Day's 105.48 EBS low held the 10-DMA there, after tenkan supported Thursday

  • Kijun at 105.99 breached intraday; close above needed to eye 30-DMA @106.63

  • 106.63 is also the mid-July range low broken below on July 24

  • July 24 also ended U.S. supplemental unemployment benefits

  • Deal on those benefits and other relief yet to be found

  • Weeklies remain bearish while below the 106.70 kijun

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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