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Jun 22 - 05:55 AM

USD/JPY - Chart Points To Even Bigger Gains In Coming Sessions

By Martin Miller  —  Jun 22 - 03:40 AM
  • 14-day momentum positive, leading to rise to new 24 year highs on Wednesday

  • Daily tenkan, kijun lines are positive aligned, reinforcing the bull market

  • Scope is growing for a break above the 136.90 October 1998 (EBS) high

  • We are looking to get long on near-term dips to our 135.50 bid

  • EUR/JPY sees a 142.70-144.00 Wednesday range so far, according to EBS data

  • USD/JPY Trader TGM2336 Previous USD/JPY update nL1N2Y80AD

Source:
Refinitiv IFR Research/Market Commentary

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