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Feb 09 - 07:55 AM

USD/JPY - Focus On 150, Fin Min Suzuki Closely Watching FX Moves

By Martin Miller  —  Feb 09 - 05:35 AM
  • USD/JPY looks set to soar above 150 in coming sessions nL1N3EU0KT

  • Suzuki: watching FX moves, won't comment on day to day levels nP8N3DZ02O

  • It closed above 149.17 Fibo adds to the bullish bias nL1N3EU0FO

  • 149.17 Fibo is a 76.4% retrace of the 151.92-140.27 (EBS) drop

  • USD/JPY has seen a 149.23-149.57 range, on Friday, EBS data shows

  • 30/60-day correlations between USD/JPY and EUR/JPY are both above +0.70

  • USD/JPY and EUR/JPY markets are moving in tandem with each other

Source:
Refinitiv IFR Research/Market Commentary

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