By Martin Miller — Dec 08 - 04:20 AM
USD/JPY has risen from 136.26 to 137.25, on Thursday, before falling back
Spot's upside limited by major 137.94 Fibo supply this week nL1N32Y0F5
137.94 Fibo is a 23.6% retrace of the 151.94 to 133.62 Oct to Dec (EBS) drop
However, euro has a strong bias to rise against yen in December nL1N32V0KP
Japan upgrades Q3 GDP as global recession, COVID risks linger nL1N32X0AX
Investors revive wagers on Bank of Japan policy change nL4N32W1A9
Source:
Refinitiv IFR Research/Market Commentary