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Haven Plays Clear Standout Performers Ahead of Year-End

FOREX
  • Haven plays are clear standout performers today ahead of year-end, with JPY gaining 1.1% and CHF +0.95% vs the USD.
  • USDJPY has recently touched a low of 140.25 for fresh late July lows having earlier cleared support at 140.71 (76.4% Jul 14 – Nov 13 bull run). Next support is seen at 140.23 (Fibo projection of Nov 13-21-22 price swing) and 139.11 (Fibo projection of same price swing).
  • USDCHF’s low of 0.8333 meanwhile marked fresh lows since Jan’15 and the SNB’s end of the EUR/CHF peg, and prior to that lows since 2011. EURCHF meanwhile has touched lows of 0.92583 for also fresh lows since the peg removal fallout.

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