The USD/JPY is pushing into its highest prices in eleven months, driving towards the 150.00 major handle as the US Dollar (USD) catches a broad-market
ride up the charts on souring investor appetite and risk-off flows piling into the safe haven USD. The Japanese Yen has lost almost 3% since September's opening bids near 145.55.Despite the operation, the BoJ's bond buying saw little market absorption, with investors broadly focusing on how much USD they can scoop up, and the JPY continues to tumble towards the USD/JPY's highest bids in a year.
September's US Manufacturing Purchasing Manager Index figures on Monday came in better than expected, printing at 49.0 against the forecast uptick into 47.7 from the previous reading of 47.6.With little of note on the economic calendar for Japan, market focus will be squarely on the US data docket heading into anotherThe USD/JPY is pinning into eleven-month highs just beneath the 150.00 major psychological handle, and Tuesday markets are rolling out of bed with the pair bidding near 149.85.
On the daily candlesticks, the US Dollar has closed bullish against the Japanese Yen for six of the last eight straight trading months, and current price action is well-bid after rebounding from the 34-day Exponential Moving Average just above 147.00, with the 200-day SMA far below current prices, turning bullish from 138.00.Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement.
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