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Nov 03 - 09:55 PM

USD/JPY - Extends Drop In Holiday Liquidity; 200 DMA Eyed

By Ewen Chew  —  Nov 03 - 08:00 PM
  • USD/JPY extends drop to 151.93 from open 152.95

  • Japan financial markets closed Mon; liquidity thinned

  • Further downside available till 200 DMA support 151.57

  • Bids may pile up near 200 DMA, and 100 DMA at 150.37

  • US NFP on Fri badly missed, due to hurricanes nL1N3M71FR

  • Fed still likely to cut 25bps on Thursday nL1N3M80JN

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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