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Aug 11 - 09:55 PM

USD/JPY - Suppressed But Fibo Ledge May Hold Up A While

By Ewen Chew  —  Aug 11 - 07:50 PM
  • USD/JPY closed Fri on soft tone but steadied by Fibo

  • 23.6% Fibo support 146.46 ought to hold for a while

  • Still, Bollinger downtrend channel was affirmed on Fri

  • Ceiling of channel at 147.45 will deter USD longs

  • US CPI data on Wed eyed, Fed's Bowman dovish nL1N3JW19D

  • Japan financial markets closed Monday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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