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Nov 08 - 06:12 AM
USD/JPY - Hangs Onto Recent Gains, FX Traders Eye U.S.-China Deal
First appeared on eFXplus on Nov 08 - 04:15 AM
  • USD/JPY holds gains nL3N27N6KO, buoyed by tariffs pledge nL2N27N067

  • Range on Friday has been 109.15-109.41, according to prices on the EBS

  • USD/JPY bulls now need a close above a key Fibo to unlock 110 nL2N27O076

  • 109.37 Fibo is a 61.8% of the 112.40 to 104.46 (April to August) drop

  • It's time to insure USD/JPY's upside nL2N27N06X. Trade latest nL3N27N228

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are +0.72/+0.65

EUR/JPY vs USD/JPY Correlation Chart: Click here

Refinitiv IFR Research/Market Commentary


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