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Thomson Reuters
Dec 07 - 06:12 AM
USD/JPY - Bulls Have The Upper Hand As U.S. Jobs Data Nears
First appeared on eFXplus on Dec 07 - 03:55 AM
  • EBS flow data shows the USD/JPY sales this week are being squared
  • As USD/JPY's long candle tail hints at a downside rejection nL1N1YC06O
  • The near-term scope is for a further recovery, especially if risk rebounds
  • 48/72H log correlations between Nikkei futures and USD/JPY are above +0.60
  • Friday has seen a tight 112.65-112.93 range according to prices on the EBS
  • Dollar has struggled on Fed pause talk ahead of jobs data nL4N1YC1ZE

EBS Flow Data Chart: Click here

Source:
Thomson Reuters IFR Markets

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