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Sep 01 - 08:55 AM

USD/JPY - FX Traders Should Brace For A USD/JPY Break Above 140

By Martin Miller  —  Sep 01 - 05:45 AM
  • USD/JPY chart bullish, as spot hits a new 24-year high in Asia nL1N3080L7

  • Spot rose from 139.00 to 139.69 on Thursday, according to EBS prices

  • Japan importers still in dip-buy mode, especially circa 139.00

  • September bodes well for currency king dollar nL1N3080MF

  • Scope grows for even bigger USD/JPY gains to breach 140 psychological level

  • Japan warns against volatility as yen slumps nL1N30805K

  • MOF: Japan watching FX moves with 'high sense of urgency' nT9N2ZD047

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are above +0.50

Refinitiv IFR Research/Market Commentary


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