By Randolph Donney — Dec 02 - 01:55 PM
USD/JPY fell 0.5% after a wild ride from 134.73 to 135.98 on EBS
Hottish jobs data triggered a 134.05-5.98 rally as Tsy ylds rebounded
Fri's high was capped at 38.2% of the Wed-Fri Powell-led drop
Prices fell back, finding some support by the 200-DMA at 134.52
Today was the first day it traded below the 200-DMA since Feb. 2021
Initial rebound in Tsy yields receded, weighing on the dollar
Friday's low completed 97% of a 151.94-132.46-55 tech targeted drop
ISM non-mfg Monday and Dec. 13, 14 CPI and FOMC now key nL1N32S1AI
Markets not buying Fed guidance rates to stay high through 2023
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary