By Andrew M Spencer — Oct 24 - 11:35 PM
Steady in the middle of a 151.58-152.10 range with the Nikkei 0ff 0.97%
Likely importer Tokyo fix demand tested 152.10, then USD/JPY retreated
The weekend election is full of uncertainty on the ruling coalition makeup
Tokyo core CPI slipped below the BOJs 2% target - BOJ in no rush to hike
Charts; 5, 10 & 21-day moving averages climb, mixed daily momentum studies
Positive sustained break out of the Ichimoku cloud, which eases next week
The bullish setup targets a break of 153.41, 0.618% Fibo of July-Sept fall
151.01 Tenkan line and the 150.67 cloud top are first supports
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Source:
Refinitiv IFR Research/Market Commentary