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Feb 22 - 03:55 PM

USD/JPY - Uptrend Gains Traction For Run At 2024 High, Possibly 2022/23 Peaks

By Randolph Donney  —  Feb 22 - 01:55 PM
  • USD/JPY uptrend gained traction after six days of consolidation

  • Looks set to close above dn TL from 2024's 150.88 peak at 150.34

  • That would raise prospect of reaching 150.88

  • And if 150.88 is closed above, 2023's 151.92 high is likely

  • That high by 2022's 32-yr peak at 151.94, so a major hurdle

  • Bid lifted to just above Thur's 150.02 low and the tenkan now at 149.905

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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