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Feb 24 - 06:55 AM

USD/JPY - The Stars Align For The Rising USD/JPY

By Martin Miller  —  Feb 24 - 04:40 AM
  • Rate outlook sets dollar for fourth weekly gain; yen wobbles nL1N3540OM

  • Incoming BOJ chief says low rates remain appropriate - for now nL1N3532XN

  • USD/JPY sees a 134.05-135.22 rise on Friday, according to EBS prices

  • Spot looks poised to rise to retest a key Fibo at 136.66 nL1N3540K7

  • Japanese stocks attract foreign inflows for sixth week in a row nL4N35423O

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are both above +0.70

  • USD/JPY and EUR/JPY tend to move in the same direction

Refinitiv IFR Research/Market Commentary


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