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Oct 05 - 05:55 AM

USD/JPY - Steady As FX Traders Await Trump Updates, Fiscal Package

By Martin Miller  —  Oct 05 - 04:35 AM
  • Dollar holds breath waiting for Trump updates, fiscal package nL8N2GW16V

  • USD/JPY has seen a 105.35-67 (EBS) range so far on Monday

  • Daily cloud, which spans the 105.82-106.18 region, weighs

  • Huge 105.00 expiry, worth 1.25B USD, could be magnetic into Monday's NY cut

  • There are said to be heavy offers above 106.00 that could stem near-term

  • USD/JPY chart still bearish, but beware of bullish crossover nL1N2GV0A3

  • USD/JPY's 30-day log correlation with EUR/JPY is high as it is at +0.66

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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