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Oct 02 - 08:55 AM

USD/JPY - Jumps, PM Ishiba Comes Out Against Additional Rate Hike

By Martin Miller  —  Oct 02 - 06:50 AM
  • Will dollar stick to its Oct winning streak versus yen? nL1N3LD0FW

  • PM Ishiba: Japan not in environment for additional rate hike nP8N3KT00F

  • USD/JPY climbed from Asia's 143.45 (EBS) low to break through Tuesday's peak

  • Recall USD/JPY had peaked at 144.53 on Tuesday nL1N3LD0CO

  • Bulls need sustained trading above broken 144.86 Fibo nL1N3LE09D

  • 144.86 Fibo is a 23.6% retrace of the 161.96 to 139.58 (Jul to Sep) EBS drop

  • EUR/JPY and USD/JPY currency pairs continue to trade in tandem

Source:
Refinitiv IFR Research/Market Commentary

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