By Andrew Spencer — Jan 12 - 06:40 PM
• Steady after closing down 0.2% with the USD up 0.4% after strong US jobs
• Turbulence in offshore markets triggered Japanese repatriation flows
• Japanese Coming of Age Day holiday today, Yen likely led by the USD & risk
• Charts - 5 & 21-day moving averages climb, as momentum studies crest
• Tenkan & Kijun lines edge higher as the daily cloud slips - neutral setup
• 158.88 NY high and 159.51 falling upper 21 Day Bolli band first resistance
• 156.98 21-day moving average and Dec 20 155.97 range base initial support
• Tenkan line has been a magnet for the last two weeks - 157.56 today
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters