USD/JPY: Support at 133.09 to hold temporarily – Credit Suisse USDJPY Banks
lost nearly 500 pips last week. Analysts at Credit Suisse continue to look for the 38.2% retracement of the 2021/2022 uptrend at 133.09 to hold for a consolidation phase, albeit now only a temporary one.“USD/JPY has seen a further sharp fall for a break of its long-term 200-Day Average for a move to just shy of our lower target of the 38.2% retracement of the 2021/2022 uptrend at 133.09. We continue to look for a floor in this 134.62 /133.
“Resistance is seen at 135.57 initially, with a break above 135.97/136.02 needed to clear the way for a recovery back to 137.50, potentially the 13 DMA at 138.14/18.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anthony Davis Scores 44 Leads Lakers Over Bucks 133-129Anthony Davis scored a season-high 44 points, LeBron James overtook Magic Johnson on the NBA’s career assists list and the Los Angeles Lakers defeated the Milwaukee Bucks 133-129 in a thriller.
Read more »
The triple take: Suns 133, Spurs 95In a first-versus-worst matchup, the Suns made short work of Keldon Johnson and the Spurs
Read more »
USD/JPY sees a downside to near 134.00 as investors await US Services PMIThe USD/JPY pair has attempted a break above the immediate hurdle of 134.50 in the Tokyo session. The asset is expected to remain on the tenterhooks a
Read more »
USD/JPY sticks to modest gains above 135.00, lacks bullish conviction ahead of US dataUSD/JPY sticks to modest gains above 135.00, lacks bullish conviction ahead of US data – by hareshmenghani USDJPY Fed InterestRate RiskAppetite Currencies
Read more »
USD/JPY faces some near-term consolidation – UOBAccording to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, USD/JPY could attempt some consolidation in the very
Read more »
5 takeaways from Suns' destruction of Spurs after upset loss to RocketsPhoenix Suns led by as many as 44 points in hits 133-95 win Sunday at San Antonio.
Read more »