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USD Slammed Post NFP US NFPs.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: USD Slammed Post NFP
US NFPs came in well under expectations with added lower revisions. USDJPY
extended the corrective pullback through 108.00, before meeting support ahead of
107.80/85 from a series of previous lows & 61.8% fibo of the 2019 range. Further
support is located at 107.52 from the Jan 4 low. Momentum indicators are
starting to generate oversold conditions, which could see a short-term reversal.
Bulls will need to recover the intraday high & 200-hma at 108.62/68, before
targeting a return to the 109.00 level.

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