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USD/JPY props on broad USD bounce , but slew of resistance between 123.30 & 123.61

USD/JPY up by early-week lows, but slew of resistance between 123.30 & 123.61 100-200-HMAs & early-week lows c123.30-40: Thu's high, Tenkan & 21-DMA 60-61 Kijun, Jun 10 low, 50% of 118.89-125.86 are at 123.51/46/37; stop…

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  • USD/JPY up by early-week lows, but slew of resistance between 123.30 & 123.61

  • 100-200-HMAs & early-week lows c123.30-40: Thu's high, Tenkan & 21-DMA 60-61

  • Kijun, Jun 10 low, 50% of 118.89-125.86 are at 123.51/46/37; stops below

  • Daily Kijun now rising toward falling Tenkan, raising bearish crossover risk

  • 1.6b of 123s, 3.5b of 122 expiries at 10

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