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Jan 05 - 07:55 PM

USD/JPY - Trends South While 103.68 Kijun Line Holds - USD Led

By Andrew M Spencer  —  Jan 05 - 07:05 PM
  • Touch softer after closing down 0.4% amid broad USD weakness

  • Georgia Senate runoff elections to lead next risk/USD move nL1N2JG0PL

  • Mazda only Japanese car company to maintain U.S. sales in 2020 nL4N2JG2YW

  • Charts, momentum studies, 5, 10 & 21 daily, weekly and monthly MAs fall

  • Trending setup in place while 103.54 21 DMA and 103.68 Kijun line caps

  • No real significant support until the 101.18 2020 spike low

  • NY 102.61-102.95 range is initial support-resistance

    For more click on FXBUZ

jpy jan 6 Click here

Source:
Refinitiv IFR Research/Market Commentary

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