By Martin Miller — Aug 17 - 04:00 AM
Dollar shines against battered yen nL1N39Y09AnL1N39X0NV
Yen pressured as a result of rate differentials between the U.S. and Japan
USD/JPY has seen a 146.20-56 range, on Thursday, according to EBS prices
The 146.56 print is the highest level seen since November 2022
Spot above long-term 146.11 Fibo, watch where it ends the week nL1N39Y0DU
Caution over possible FX intervention, but Japan noises conspicuously absent
Huge 145.50 strike to expire at NY cut could exert magnetism nL1N39X1R6
EUR/JPY's correlation with USD/JPY high, 30/60-day logs are both above +0.70
Source:
Refinitiv IFR Research/Market Commentary