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Sep 10 - 07:55 AM

USD/JPY - Remains Vulnerable Despite Recent Recovery Moves

By Martin Miller  —  Sep 10 - 06:00 AM
  • Dollar stable, yen wobbles ahead of U.S. inflation data nL1N3KS01U

  • USD/JPY has risen from Asia's 142.86 low, to 143.71 in Ldn, EBS data shows

  • Traders still long yen via spot and options nL1N3KS0BZ

  • Yen traders need to look beyond the Fed/BOJ story nL1N3KR10E

  • USD/JPY chart points to an eventual slump through 140 nL1N3KS08H

  • EUR/JPY and USD/JPY currency pairs have a very high log correlation

Source:
Refinitiv IFR Research/Market Commentary

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