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Sep 05 - 05:55 AM

USD/JPY - Chart Very Bullish, Expect Much Bigger Gains

By Martin Miller  —  Sep 05 - 03:35 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

  • We are looking to get long at 139.05, ahead of last Thursday's 139.00 low

  • EUR/JPY range has been 138.70-139.43, on Monday, according to EBS prices

  • USD/JPY Trader TGM2336. Previous update nL1N3090HD

Source:
Refinitiv IFR Research/Market Commentary

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