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USD/JPY supported at Jun 10 low by Kijun & 50% Fibo

Low Claims limit soft CPI impact after big slide overnight left hourlies oversold 122.46 May 10 spike low bolstered by 122.37: 50% of 118.89-125.86 & Kijun Strong 21-DMA breakdown points to lower Bolli & 61.8% tests (121…

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  • Low Claims limit soft CPI impact after big slide overnight left hourlies oversold

  • 122.46 May 10 spike low bolstered by 122.37: 50% of 118.89-125.86 & Kijun

  • Strong 21-DMA breakdown points to lower Bolli & 61.8% tests (121.55)

  • Fed rate hike expectations now pushed toward yr-end, weighing on USD

  • Japan pension net sell foreign bonds last week

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