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USD/JPY edges lower on US data misses; 120.84 key prop

Source: Thomson Reuters Big Exist Home Sales miss, small Philly dip, outweigh + LEI & hurt Treasury yields USD/JPY already struggling after mediocre Markit PMI, edges lower Fibo retracements at 120.61 & 120.07 if 120.84 …

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USD/JPY edges lower on US data misses; 120.84 key prop
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Source: Thomson Reuters


  • Big Exist Home Sales miss, small Philly dip, outweigh + LEI & hurt Treasury yields

  • USD/JPY already struggling after mediocre Markit PMI, edges lower

  • Fibo retracements at 120.61 & 120.07 if 120.84 day's low/Apr high are broken

  • Offers remains into touted 121.50 option barriers, Wed's high

  • Hourlies a bit top-heavy; Tenkan/Kijun cross, but Cloud top 120.90 by noon ET

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