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USD/JPY breaks below hourly cloud, yield spreads & fall in stocks lifts yen

Source: Thomson Reuters


  • USD/JPY breaks below hourly Cloud first time since Mar 5, yield spreads & fall in stocks lifting yen

  • Oversold bounce in cross a risk while above Jul-Aug '13 lows by 128

  • Hourly H&S neckline is at 120.93 v the overnight low at 120.85; break targets 120.40-50

  • EUR/JPY fell on ECB Nowotny's comments, but barely made new low

  • Market Data
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