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Jun 16 - 04:55 PM

USD/JPY - Can't Capitalize On Another Strong U.S. Data Surprise

By Randolph Donney  —  Jun 16 - 03:15 PM
  • USD/JPY gains on big sales beat proves fleeting nL2N25Q0MW

  • Initially up with Treasury yields and stocks, but both back off highs

  • Powell says still a long road back, but data show backstops working

  • Bulls need a close above 107.83-87 hurdles to gain traction nL1N2DT0TO

  • Cloud support slips to 107.21 Wednesday on EBS

  • Early June short squeeze robs market of fuel for second big squeeze up

  • EUR/JPY falls toward rising 21-DMA after cresting 10-DMA caps nL1N2DT1HJ

  • Reuters Tankan and Trade data on tap tonight in Japan

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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