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Feb 26 - 07:55 AM

USD/JPY - Could Probe 151 Where Option Barriers Likely Reside

By Martin Miller  —  Feb 26 - 05:55 AM
  • There is scope for a 151 test where option barriers likely resides

  • Japanese importers among those who bought near session lows

  • USD/JPY has seen a 150.30-150.67 range, on Monday, EBS data shows

  • Sustained trading above a broken 149.17 Fibo should see it soar nL2N3FB0EZ

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

  • USD/JPY and EUR/JPY pairs currently have a strong positive correlation

Source:
Refinitiv IFR Research/Market Commentary

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