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Oct 26 - 05:55 PM

USD/JPY - Made New 2023 High, But Correction Risk Rises Toward 2022'S Peak

By Randolph Donney  —  Oct 26 - 03:40 PM
  • USD/JPY made new 2023 highs at 150.78, capped by 30-d BB, ATR

  • Supports from tenkan, Sep-Oct up TL & kijun now at 149.76/51/04

  • Next hurdles are 151, 10-wk BB at 151.20 and weekly ATR top at 151.71

  • 2022's 32-peak at 151.94 is the key historical hurdle

  • O/B risks rise as last year's highs are neared

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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