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Sep 06 - 03:55 AM

USD/JPY - Medium-Term Chart Shows Scope For October 31 2022 High

By Martin Miller  —  Sep 06 - 02:30 AM
  • COMMENT-Dollar set for its usual gains versus yen in September nL1N3AH0Q6

  • USD/JPY has managed two weekly closes in a row above the major 146.11 Fibo

  • 146.11 Fibo, a 76.4% retrace of the 151.94 to 127.22 (2022 to 2023) EBS fall

  • 14-week momentum remains positive, reinforcing the overall bullish market

  • There is scope for much bigger gains to the October 31 2022 148.84 EBS high

  • EUR/JPY has seen a 157.81-158.43 range, according to EBS data

  • USD/JPY Trader TGM2336. Previous update nL1N3AH0IU

Source:
Refinitiv IFR Research/Market Commentary

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