01.10 - USD/JPY bounces off 105.40
USD/JPY rises to 105.50 as markets in Japan open for Thursday’s trading. The yen pair surged to the highest since September 15 the previous day before tanking to 105.45. However, the recent risk-on mood, downbeat data from Japan seem to trigger the pair’s pullback.
Amid all catalysts, S&P 500 Futures rise 0.25% to 3,360 while the US 10-year Treasury yields also stay positive around 0.68%. Failures to cross 50-day SMA, at 105.75 now, can push USD/JPY back to 10-day SMA retest, currently around 105.25.
Reprinted from toolstrades，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-