*USDJPY sits at 76.4% Fibonacci
*Stochastic momentum points down from overbought levels
*BoJ on hold while The Fed cut
Bearish fundamentals and technicals to lead USDJPY lower...
Some key things that help USDJPY lower
over the week:
- USDJPY, on the daily, has retraced to 76.4% from mid-August lows
- Stochastic momentum is turning at ~95 signalling bearish momentum
- The BoJ is likely to hold while The Fed undergo a 25bps rate cut
- Saudi's oil supply shock could continue to weigh on risk-off sentiment
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.