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Sep 08 - 06:55 AM

USD/JPY - Chart Points To Bigger Gains Towards The 1998 Peak

By Martin Miller  —  Sep 08 - 04:35 AM
  • USD/JPY's 14-week momentum reading remains positive = bullish market

  • Scope is for gains in the weeks ahead towards the Aug. 1998 147.64 EBS peak

  • Especially after spot registered a close above 140 at the end of last week

  • Looking to get long at 142.90, ahead of Wednesday's 142.75 session low

  • EUR/JPY range has been 143.32-144.33, on Thursday, according to EBS prices

  • USD/JPY Trader TGM2336. Previous update nL1N30E0HP

Source:
Refinitiv IFR Research/Market Commentary

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