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Thomson Reuters
Sep 11 - 06:12 AM
USD/JPY - REFILE-BUZZ-Boosted By M&A Merger News, USD/JPY Has Fuel For 112 Test
First appeared on eFXplus on Sep 11 - 04:05 AM

Fixed grammar on third line

  • Japan's Renesas says it will buy U.S. chipmaker IDT for $6.7 bln
  • USD/JPY received a decent boost in Asia on $6.7 bln M&A news nL3N1VR2VP
  • The news caused spot to put in the joint biggest one-hour gain of September
  • The market closed up 25 pips, this was bigger than any hourly rise in August
  • Spot sees 111.07-111.54 EBS range so far this session, scope for 112.00
  • Bulls have momentum, seek to overcome big supply at cloud top

Hourly Candlestick Chart: Click here

Source:
Thomson Reuters IFR Markets

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