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Sep 15 - 05:55 PM

USD/JPY - Bulls Get Some Yield Support, But 148 Breakout Awaits Fed

By Randolph Donney  —  Sep 15 - 02:15 PM
  • USD/JPY's uptrend ran up against 148 resistance for a 9th straight day

  • Close above there is needed to signal next leg higher

  • The upper 21- and 30-day Bollis are now at 148.29/62

  • And the 161.8% off this week's base is at 148.74

  • Bigger goal is 2023's rising channel top, now near 150

  • Tsy yields slightly higher amid more US data with energy price caveats

  • Fed on Wed eyed for hints on one more 2023 hike, prospects for 2023 cuts

  • On Fri we have the BoJ and Japan's CPI data to feed the JGB yield outlook

  • Good support at Thur and Wed's 147.02 lows on EBS

  • Uptrend is intact while closes are above the 30-DMA, last at 146.04

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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