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Nov 21 - 07:55 AM

USD/JPY - Sees A Big Rise At The Start Of A New Week

By Martin Miller  —  Nov 21 - 06:05 AM
  • USD/JPY has seen a big rise on Monday from 140.17 to 141.86, EBS data shows

  • The dollar looks ripe for a much bigger rebound nL1N32H0GU

  • USD/JPY bulls look set to charge at the key 143.12 Fibo nL1N32H0EL

  • 143.12 Fibo is a 38.2% retrace of 151.94-137.67 (Oct-Nov) EBS drop

  • 30-day log correlation between USD/JPY and EUR/JPY above +0.50

  • Relationship between the two currency pairs has grown in recent sessions

  • Fin Min Suzuki urges swift adoption of more spending measures nL1N32H022

Source:
Refinitiv IFR Research/Market Commentary

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