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Oct 14 - 03:55 AM

USD/JPY - Chart Still Very Bullish, Set For New 32-Year Highs

By Martin Miller  —  Oct 14 - 02:25 AM
  • USD/JPY soared to briefly trade at 147.66, Thurs, a level not see since 1990

  • Tenkan and kijun lines are positively aligned, reinforcing the bull market

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

  • We have raised our bid to 145.70, which is ahead of the rising tenkan line

  • Tenkan line is the midpoint of the last nine trading days, now at 145.60

  • USD/JPY Trader TGM2336. Prev nL1N31E0BD. Oct's upside bias nL1N3130K9

  • EUR/JPY range has been 143.80-144.33, on Friday, according to EBS prices

Refinitiv IFR Research/Market Commentary


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