By Martin Miller — Dec 20 - 02:10 AM
USD/JPY rallied as Fed/BOJ decisions reinforced the uptrend nL1N3NK0AB
Spot jumped from Thursday's 154.45 low, to peak at 157.93 on Friday
That rise has led to verbal intervention by the Japanese authorities
Fin Min Kato: government 'alarmed' by recent forex moves nL1N3NL014
Thursday's close above 156.68 Fibo, 76.4% of the 161.96-139.58 drop, bullish
But trading circa 30-day upper bollinger-band, 157.55, suggests overbought
However as the bollinger-bands are diverging, highlighting volatility risk
Euro usually climbs against the yen in December nL2N3N50BM
Source:
London Stock Exchange Group | Thomson Reuters