Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 02 - 06:55 AM

USD/JPY - Risk Hits USD/JPY, 104.90 Support Key

By Richard Pace  —  Oct 02 - 06:20 AM
  • Risk aversion hit stocks, boosted JPY on news U.S Pres Trump covid positive

  • Through recent daily lows/support 105.20-105.00, posted 104.95 low

  • Recoveries so far limited to 105.27, resistance 21-dma 105.51

  • 104.90 key - 23 Sept low and 50% Fibo retrace of Sept 104.00-105.80 recovery

  • Break would open potential to 104.42-40 - 76.4% Fibo and 22 Sept lows

  • Options spiked, setbacks minimal - flags simmering uncertainty/downside risk

  • Related nL1N2GT06Z



JPY=EBS 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
!