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
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Source:
Refinitiv IFR Research/Market Commentary