By Martin Miller — Jan 06 - 04:41 AM
• Yield gap between Fed, BOJ keeps USD/JPY's bias on the upside
• USD/JPY chart also highlights the underlying bullish market
• USD/JPY has seen a 156.95-157.83, on Monday, EBS data shows
• A break above the December 158.09 peak would likely trigger buy stops
• The 30 and 60-day correlations between USD/JPY and EUR/JPY are high
• Japan's Nikkei slips more than 1%
Daily Chart:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters