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May 22 - 06:12 PM

USD/JPY - Narrowing Range Portends A Break-Out

By Krishna K  —  May 21 - 06:25 PM
  • USD/JPY continues its sideways consolidation within an ever narrowing range

  • Risk mood turns negative as U.S.-China tensions escalate, haven JPY sought

  • Fears of deeper Japan recession limits USD downside, leads to stalemate

  • BOJ emergency meeting Friday won't touch main policy rates nL4N2D127X

  • China NPC Friday eyed as U.S.-China continue war of words nL4N2D32O6

  • Resistance 107.80-85, 108.00-08, support 107.30-35, 107.00-10

Dollar holds lion's share of FX derivatives market: Click here

Refinitiv IFR Research/Market Commentary


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