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TDUX
Oct 21 - 01:55 AM
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USD/JPY - Soggy Beneath 50% Retracement; 55 DMA Props Up

By Ewen Chew  —  Oct 21 - 12:00 AM

• USD/JPY slips a tad to 158.11 after early Wed blip up to 158.39

• Back under 158.44, the 50% retracement of July-Sept downturn

• For now propped up by 21 DMA 158.04, and 55 DMA 157.79

• If those supports crack, Bollinger downtrend channel 157.60 beckons

• US yields on the retreat again, weighing on USD broadly in Asia

• Japan finmin sees shift to wage-driven inflation phase
JPY


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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