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
Source:
Refinitiv IFR Research/Market Commentary