top of page

Reflections #29 - USDJPY looks rich around 142

BoJ left rates unchanged and also did not announce any major change in its YCC stance. This has given USDJPY a boost towards 142 which we see as an area where it may run out of steam and likely see a correction towards the middle of the recent trading channel.


Momentum indicators flashing a red signal with some negative divergence building in RSI and stochastics.


In addition, our cross asset regression shows that USDJPY looks very rich relative to oil, vix and US10Y.






Comments


bottom of page