By Martin Miller — Feb 07 - 04:50 AM
USD/JPY soared on Monday on BOJ's Amamiya speculation nL1N34M0OC
However, it peaked at 132.90 on the EBS, ahead of 133.00 psychological level
Spot suffered a setback from Asia 132.71 to hit 131.69 in London, on Tuesday
Still likely to break above key 133.05 Fibo once gap filled nL1N34N0K5
Gap opened up between Friday's 131.20 high and Monday's 131.52 low
EUR/JPY's correlation with USD/JPY high, 30/60-day logs are well above +0.5
Source:
Refinitiv IFR Research/Market Commentary