🔻🔺G10FX Spot to DMA: USD/JPY Retraces Deviation to Average

**As seen in Macro Walk report 10/21/22, subscribe at cablefxm.co.uk/reports

• As of Friday market close, the dollar-yen pair was the most extended to the upside in our tracking list, the downside bottom is held by the AUD/USD. Diverging from the Aussie, the yen is not extending its deviation from its 100-day moving average, USD/JPY deviation stands at 6.2% vs 6.6% a month ago

• Almost half of our tracking list has extended its deviation from the average when compared to last month, the biggest differentials are seen in the pound and the euro. The former is now -4.1% from its 100DMA vs 6.6% a month ago

• USD/JPY spot to DMA deviation has not seen the double-digit differentials recorded earlier in the year when the spot rallied from the low 110s into the 135s