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• USD/JPY down after trade up to 158.75 EBS yesterday, Asia 158.64 to 158.19
• Japanese exporter sales noted, specs too adding to JPY longs up top?
• Geopolitical concerns and high oil prices but nothing really that new
• USD/JPY back into 156.64-158.44 daily Ichimoku cloud after brief fling above
• Market also trading back from still gradually ascending 200-DMA at 158.56
• Support from 157.97-158.17 hourly Ichi cloud, 158.26 100-HMA now above
• Also 158.09 ascending 200-HMA in cloud, $1.3 bln option expiries at 158.00
• EUR/JPY heavy too, Asia 176.75-92 EBS, in recent, lower 176.25-178.33 range
• Resistance from 177.01 hourly Ichimoku tenkan, kijun 177.13, 100-HMA 177.31
• CHF/JPY in stasis, 189.76-190.16, in 189.17-190.82 range since October 8
• Resistance from 189.96 200-HMA area, hourly cloud 190.00-41, 100-HMA 190.07
• GBP/JPY 209.06-67, in recent, lower 208.13-209.98 range since October 8
• Back into 209.05-31 hourly Ichimoku cloud, 200/100-HMAs in area at 209.09/23
• AUD/JPY 110.43 to 110.01 in Asia, backing off from 110.62 high yesterday
• To base of 110.11-37 hourly Ichi cloud, holding mostly above 110.03 200-HMA
• NZD/JPY 88.36-66, in lower range, 88.61-73 hourly Ichi cloud resistance
• Related comment , also , on EUR/JPY
• On Japan CGPI , for more click on [FXBUZ]
USD/JPY hourly:
EUR/JPY hourly:
AUD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)