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USD/JPY knee-jerk bid on US data, clears 200-HMA, daily Tenkan at 120

Source: Thomson Reuters


  • USD/JPY Knee-jerk bid after US data, Treasury yields since slipped 

  • Pair clears 200-HMA, daily Tenkan at 120 

  • But US Savings surge raises questions, core PCE up 0.1% at 1.4% y/y & 0.4% m/m Income rise

  • Daily Kijun at 120.185 pivotal after key Cloud & Fibo rebounds last week

  • Risk of QQE3 to rise in Tankan poor on Wed after IP's downside miss overnight

  • Market Data
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