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Sep 02 - 06:55 AM

USD/JPY - Chart Is Becoming Even More Bullish, It Could Soar

By Martin Miller  —  Sep 02 - 05:00 AM
  • USD/JPY's 14-week momentum reading remains positive, reinforcing bull market

  • Scope is for gains in the weeks ahead towards the Aug. 1998 147.64 EBS peak

  • Especially if spot registers a weekly close above 140.00

  • We are looking to get long at 138.30, which is ahead of Wed's 138.28 low

  • EUR/JPY range has been 139.32-140.16 on Friday, according to EBS prices

  • USD/JPY Trader TGM2336. Previous update nL1N3080L7

Source:
Refinitiv IFR Research/Market Commentary

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