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USDJPY eye next immediate support

USD
  • The Yen sees some upside continuation, close to 100 pips range now in USDJPY, making broader highs against GBP, EUR and AUD.
  • Next immediate support in USDJPY comes at 140.71, and a clear break through the latter, opens to 140.23 2.00 proj of the Nov 13 - 21 - 22 price swing.
  • It's another red start for the Dollar in G10, lower Yield (US 10yr lowest since July) and Risk On (SPX, NDX at record highs) have kept the lid on the Dollar, as Desks continue to price Fed rate cuts in 2024.
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