eFXdata | USD/JPY - Breaks Sept 24 High, Which Is A Bullish Sign

By Martin Miller — Nov 11 - 05:59 AM

• USD/JPY has risen from 158.67 to 159.08, on Wednesday, EBS data shows

• Spot has broken above the 159.03, September 24 high, a bullish sign

• However, traders are wary of intervention in USD/JPY above 159.00

• Recall USD/JPY closed above the daily cloud, that currently spans 157.14-158.42, on Tuesday

• EUR/JPY usually rises in November; chart hints at repeat

Daily Chart

(Martin Miller is a Reuters market analyst. The views expressed are his own)

Source:

London Stock Exchange Group | Thomson Reuters

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