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Sep 11 - 12:12 AM
USD/JPY - Grinds To Top Of Cloud Resistance, Breakout Ahead
First appeared on eFXplus on Sep 10 - 10:55 PM
  • USD/JPY grinds higher to 107.67 from 107.54, nearing breakout
  • May soon crack 107.71 top of daily Ichimoku Cloud on EBS
  • Closing above that level marks bullish break, 200 DMA could be next
  • ECB meet Thurs could derail EUR/JPY, though dovish outcome priced in
  • US 10y yield lets off some steam after hitting 1.744%, last 1.713%
  • Risk appetite rising with further global central bank easing expected

JPY: Click here

Source:
Refinitiv IFR Research/Market Commentary

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