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Feb 06 - 01:55 AM

USD/JPY - Covers Most Its Losses But Still On Thin Ice

By Ewen Chew  —  Feb 06 - 12:26 AM

• USD/JPY recovers to 152.31 from 151.81; Nikkei +0.5%

• Flinches away from key 38.2% Fibo support at 151.51

• But convergent 100, 200 DMA near 152.80 will deter bulls

• BOJ's Tamura tacks on more hawkish rhetoric

• Says the pace of hikes not necessarily once every half-year

• Adds to earlier remarks that rates should be hiked to 1%
JPY:


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

Source:
London Stock Exchange Group | Thomson Reuters

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