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Oct 25 - 07:55 AM

USD/JPY - Set To Climb Despite Continued Intervention Worries

By Martin Miller  —  Oct 25 - 06:15 AM
  • Dollar bulls have space nL1N31Q0R3. EUR/JPY to climb with USD/JPY

  • USD/JPY range has been 148.50-149.10, on Tuesday, according to EBS prices

  • Double failure under 146.86 Fibo sets up a classic "bear trap" nL1N31Q0K4

  • 146.86 Fibo is a 23.6% retrace of the 130.40 to 151.94 (Aug to Oct) rise

  • Fin Min: BOJ easing and govt FX intervention not contradictory nL1N31Q01Y

  • Suzuki: Japan in constant touch with U.S. on currency market nT9N31L00C

  • Recent intervention has done USD/JPY bulls a great favour nL1N31O0JM

Source:
Refinitiv IFR Research/Market Commentary

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