By Martin Miller — May 23 - 02:35 AM
USD/JPY's large gains last Wed and Thurs highlights the bullish market
14-day momentum remains positive, reinforcing the upside potential
Scope grows for an eventual 139.58 Fibo probe in coming sessions
139.58 Fibo is a 50% retrace of the 151.94-127.22 (Oct-Jan) (EBS) drop
Upside bias should persist while Thursday's 137.29 low remains intact
USD/JPY Trader TGM2336. Previous update nL1N37J0EC
EUR/JPY has seen a 149.57-150.00 (EBS) range so far on Tuesday
Source:
Refinitiv IFR Research/Market Commentary