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Apr 17 - 05:55 AM

USD/JPY - Recovery Attempts From New 7-Month Low Will Likely Fail

By Martin Miller  —  Apr 17 - 03:45 AM

• Dollar attempts bounce into Easter weekend

• USD/JPY has rebounded from Asia's 141.62 low, lowest level since Sept 2024

• Recovery as hit 142.89 so far, on the EBS, in London trading

• There is considerable downside risk , 14-day momentum negative

• EUR/JPY is at risk of bucking its usual positive April trend

• Tokyo's negotiator: exchange rates not part of talks

• The yen is the wrong gambit in any US-Japan trade row

Daily Chart:


(Martin Miller is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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