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Oct 23 - 01:55 AM

USD/JPY - Powers Through 152.00; No Jawboning From Japan Yet

By Ewen Chew  —  Oct 23 - 12:55 AM
  • USD/JPY powers up to almost three-month high 152.14

  • Clears 200 DMA resistance 151.38 with little difficulty

  • No further jawboning from Japan FX officials so far

  • Bullish momentum affirmed by rally above Ichimoku cloud

  • Next stop could be 61.8% Fibo of Jul-Sep drop at 153.41

  • Option barriers, stoploss orders may have been triggered

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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