By Randolph Donney — Oct 31 - 03:45 PM
USD/JPY surged almost to 2022's 151.94 peak from 149.03 on Tues
That after Mon's breach, but not close, below key kijun at 149.04
Kijun is now at 149.51 and below 10-DMA by 150
Close above 151.94 and 152 looks key to another leg higher
Prices getting closer to 2023's rising channel top, Wed at 152.77
The 161.8% Fibo off Jan-Mar 127.215-137.90 base is at 155.19
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary