TECHNICALS:
Daily: Strong resistance formed at 108.00 round-number, aligning with the 38.2% Fib level.
1-Hour: Strong selling pressure overnight after a gap to the downside. 107.85 (daily high) remains a short-term resistance.
FLOWS: JPY bullish, USD bearish
RISK SENTIMENT: Mixed
NEWS THEMES: US protests and Japanese new monetary stimulus could support a weaker USD/JPY
CORRELATIONS: Nikkei points up, yields point down. Mixed at the moment.
Daily: Strong resistance formed at 108.00 round-number, aligning with the 38.2% Fib level.
1-Hour: Strong selling pressure overnight after a gap to the downside. 107.85 (daily high) remains a short-term resistance.
FLOWS: JPY bullish, USD bearish
RISK SENTIMENT: Mixed
NEWS THEMES: US protests and Japanese new monetary stimulus could support a weaker USD/JPY
CORRELATIONS: Nikkei points up, yields point down. Mixed at the moment.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.