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Sep 08 - 07:55 AM

USD/JPY - Bulls Target New 10-Month Peak Despite Fresh Warning

By Martin Miller  —  Sep 08 - 05:35 AM
  • USD/JPY has seen a 146.60-147.45 range on Friday, according to EBS prices

  • Spot on course for a triple close above a major broken Fibo nL1N3AK0GC

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

  • Focus is on Thursday's new 10-month 147.87 high, above will accelerate

  • There is scope for eventual gains to October 31 2022 148.84 (EBS) high

  • USD/JPY, EUR/JPY usually rise in September nL1N3AH0Q6nL1N3AH2TR

  • There is strong dollar demand for three simple reasons nL1N3AK0JD

  • Fin Min: won't rule out options against excessive FX moves nT9N37Z023

Source:
Refinitiv IFR Research/Market Commentary

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