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Dec 28 - 01:55 PM

USD/JPY - Gains Erased And Troubling Signs Emerge

By Christopher Romano  —  Dec 28 - 10:09 AM
  • USD/JPY rallied to 114.96 on EBS overnight, pair runs into sellers

  • Likely 115.00 barrier protection helps stall the rally, drop ensues

  • Weakness in US rate complex US10YT=RREDM2 weighs down US$

  • USD/JPY trades down to 114.71 on EBS before a small bounce takes hold

  • Daily RSI diverges & daily doji forms, could be warnings for longs

  • Monthly techs are bullish however, implies dips should be limited

  • For more click on FXBUZ



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Source:
Refinitiv IFR Research/Market Commentary

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