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Sep 25 - 04:55 PM

USD/JPY - Looks To Test Key 145 Level

By Robert Fullem  —  Sep 25 - 02:40 PM
  • USD/JPY holds near top end of 142.89-144.745 day's range amid rising Treasury yields, broad dollar short-covering and topside option demand

  • Strong demand seen for short-dated options that cover LDP elections, Tokyo CPI and US data over the next two days

  • Pair triggers stops above 144.50 though fails to test the key psychological level of 145.00

  • Looks to revisit September high of 147.20 and bottom of Ichimoku cloud if can close above 145.55

  • Pair finds intraday support just beneath 144.00 ahead of day's low as upward momentum buoys

  • Yen crosses vulnerable to bearish reversal as they approach September highs


For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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