By Robert Fullem — Sep 24 - 02:40 PM
USD/JPY grinds toward bottom of 143.375-144.68 day's range as Treasury yields ease
Pair is currently forming a bullish inverted hammer though series of highs near 144.50-70 caps
Resistance seen at 144.86, a 23.6% Fibo 161.96-139.58 drop, and 145 psychological level
Eyes 142.97 9-day exp. MA on further losses ahead of the Sept. 17 high of 142.43 and 141.75/80 support zone
Yen implied volatility curve flattens with front-end buoyed by LDP election, US data risks
Upcoming Japan data includes services PMI, chain store sales
Pair may also be impacted by quarter-end and gotabi flows
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Source:
Refinitiv IFR Research/Market Commentary