USD/YEN Update – 06/10/2017 (10:20am) – by Arjun Lakhanpal

October 6, 2017 by

USD/YEN Update – 06/10/2017 (10:20am): USDJPY traded above 113.00 again overnight on broad USD/UST yield strength. The pattern in recent sessions has been USD supply on rallies and that continued overnight. 113.25 is short term resistance above which we target 114.50. Some see JPY crosses looking a little weak technically with EURJPY sub 132.40 and CADJPY below 90.00 looking good for another 1% at least.