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