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TDUX
Jul 03 - 03:55 AM

USD/JPY - USD/CNH Takes A Crack At Downside As USD/JPY Drops

By Ewen Chew  —  Jul 03 - 02:26 AM

• USD/CNH slides to 6.7812, taking a peek at 61.8% Fibo support

• Breaks 21 DMA support 6.7839 which previously prompted rebounds

• If Fibo floor at 6.7790 cracks, more room till next one at 6.7680

• Fresh weakness appears as USD/JPY drops below 161.00

• Heading into weekend, JPY intervention fears are on the rise

• Japan FX officials might capitalize on thin US holiday liquidity
CNH


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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