Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

USD/JPY holding Fibo target at 124.92 so far

  • USD/JPY big spec-driven rise has completed 161.8% of the Mar-Apr base at 124.92

  • 2-yr Treasury yields supplying the main lift, as Fed tightening hopes persist

  • Pair could see a decent pullback if this objective & key 125 barriers hold

  • Minimum 23.6% retracement is at 123.36; by Wed's Tenkan & up TrendLine readings

  • Key will be if Abe govt tries to talk yen up to avert rapid rise in import costs

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.