USD/YEN Update – 01/09/2017 (11:00am) – by Arjun Lakhanpal

USD/YEN Update – 01/09/2017 (11:00am): USD/JPY has recently charted a key day reversal and this suggests recovery to the 111.05 current August high and the 111.20 55 day ma. Above here would target the 112.50, the 200 day ma. There is scope for the top of the range at 114.38/49. But we have some important US data today which may drive US yields.. If that takes the dollar lower, below 108.13 would target the 107.49 July 2016 high, then 106.50, the 61.8% retracement of the move 2016-2017.