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Sep 15 - 06:55 AM

USD/JPY - Close To Filling The 'Ueda Gap', Probing 2023 Peak

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

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