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Aug 15 - 08:55 AM

USD/JPY - Techs Are Bullish, But Case For BOJ Hikes Tempers Gains

By Martin Miller  —  Aug 15 - 06:40 AM
  • USD/JPY has seen a 147.06-147.60 range, on Thursday, EBS data shows

  • Six daily closes in a row above the 146.47 Fibo is bullish nL1N3K20BC

  • A break above Monday's 148.23 high would likely hit stops clustered above

  • Japan's economy rebounds strongly, backs case for more hikes nL1N3K118Y

  • This has point a lid on USD/JPY's upside in the near-term

  • EUR/JPY has seen a 161.96-162.44 range, EBS data shows

Source:
Refinitiv IFR Research/Market Commentary

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