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Thomson Reuters
Aug 08 - 08:36 PM
USD/JPY - Opens Soft, Signals Do Not Support A Trending Move
First appeared on eFXplus on Aug 08 - 06:35 PM
  • Quiet into the Tokyo open after closing -0.4% - modest risk off JPY strength
  • Machinery orders lead data - polls -1.3% M/M & 9.5% Y/Y - unlikely to impact
  • Fall leaves horizontal Tenkan & Kijun lines - suggests consolidation
  • Close outside 2.92% & 3.02% in 10yr UST yields needed to spark a trend
  • Rising cloud may provide underlying support in coming sessions
  • London 110.84 low & NY 111.19 high initial support/resistance

jpy aug 9 Click here

Source:
Thomson Reuters IFR Markets

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