By Martin Miller — Oct 04 - 03:15 AM
USD/JPY left a huge lower shadow on Tuesday's candlestick line
Tuesday's wild price action highlights a rejection of the downside
Technical outlook still bullish, scope for bigger gains to 2022 151.94 peak
Positive alignment of the tenkan and kijun lines adds to the upside bias
As does fourteen-day momentum that remains positive
EUR/JPY sees a 158.98-156.25 range, according to EBS prices, on Wednesday
USD/JPY Trader TGM2336. Previous update nL2N3B824L
Source:
Refinitiv IFR Research/Market Commentary