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Sep 15 - 05:55 PM

USD/JPY - Risk-Off Tech Breakdown Interrupted By US Data, Mid-August Lows

By Randolph Donney  —  Sep 15 - 02:13 PM
  • USD/JPY's new Sept low at 109.11 on EBS caught by Aug. 16 109.115 trough

  • Weak China data, North & South Korean missile tests follow US CPI miss hit

  • Well-above forecast NY Fed index, Kuroda bring a bounce nL1N2QH186

  • Rebound so far shy of broken 30-WMA and weekly kijun at 109.53/57

  • Weekly close below needed to signal bearish range breakout, H&S reversal

  • Wed's low breached a pending H&S top neckline at 109.23, close below eyed

  • Still in a 10th week of mutually overlapping trading ranges

  • US retail sales Thursday, Michigan sentiment Friday pre-Sept. 20-21 Fed meet

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Refinitiv IFR Research/Market Commentary


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