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Derived real-time data in partnership with:
Thomson Reuters
May 06 - 05:00 PM
USD/JPY - Tokyo Return From Golden Week To Familiar Levels
First appeared on eFXplus on May 06 - 03:45 PM
  • +0.1% early, little market moving news - Tokyo return from Golden Week
  • Familiar levels for USD/JPY - BoJ minutes are event risk - little impact
  • Friday's close below 109.35 Tenkan line suggests uptrend to consolidate
  • 10yr UST yield uptrend stalled around 3% - moves likely pivotal for JPY
  • 108.65 NY low the 107.85/89 Kijun line & cloud top initial support
  • NY 109.27 high then Thursday's 109.88 top first resistance

jpy may 7 Click here

Source:
Thomson Reuters IFR Markets

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