By Martin Miller — Sep 15 - 05:45 AM
USD/JPY's 147.87 2023 high, posted on Sep 7, is back in focus
It has almost filled last Friday's 147.84 close, Monday's 146.95 open, gap
The gap was caused by Ueda's rate remarks last weekend nL1N3AN0F9
Spot has reached 147.82 on the EBS, this Friday, two pips shy of 147.84
It is on course for its 4th weekly close above 146.11 Fibo nL1N3AR0GZ
146.11 Fibo, a 76.4% retrace of the 151.94 to 127.22 (2022 to 2023) fall
USD/JPY, EUR/JPY usually rise in September nL1N3AH0Q6nL1N3AH2TR
Source:
Refinitiv IFR Research/Market Commentary