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Nov 06 - 05:55 PM

USD/JPY - Holds Gain As Yields Rise

By Robert Fullem  —  Nov 06 - 02:10 PM
  • USD/JPY stays near top of its 151.30-154.70 day's range on EBS amid broadly higher Treasury yields after US election results

  • Yen is lower against all its G-10 peers as U.S. shares advance

  • Gains stall near the 20-day upper Bollinger at 154.76 ahead of the key 155 pivot level and 155.22 daily high on July 30

  • The Oct. 28-29 double-top near 153.88 acts as support below 154

  • Volatility curve steepens with one-year moving higher amid ongoing uncertainties around US trade policy and the Fed

  • Market participants expect comments from Japanese authorities about USD/JPY volatility though political landscape may prevent actual intervention

  • Tokyo to eye September wage data on Thursday ahead of a Fed rate decision

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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