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Oct 03 - 05:55 AM

USD/JPY - Chart Points To New 24-Year Highs In Coming Sessions

By Martin Miller  —  Oct 03 - 03:35 AM
  • USD/JPY last week collapsed from the new 24-year 145.90 (EBS) high

  • It found support at 140.31, before subsequently rebounding

  • Tenkan and kijun lines are positively aligned, reinforcing the bullish mkt

  • Fourteen-day momentum remains positive, that also points to gains

  • Looking to get long at 143.20, ahead of the daily tenkan line at 143.11

  • USD/JPY Trader TGM2336. Previous update nL1N3110MB

  • EUR/JPY range has been 141.57-142.33, on Monday, according to EBS prices

Source:
Refinitiv IFR Research/Market Commentary

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