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Feb 21 - 06:55 AM

USD/JPY - Rise Has Peaked Well Ahead Of Friday's High

By Martin Miller  —  Feb 21 - 04:45 AM
  • USD/JPY has risen from 134.15 to 134.85 Tuesday, before easing back

  • Friday's 135.12 EBS peak still intact, bulls really need a break above

  • Bears need a drop under 133.26 Fibo to weaken USD/JPY's outlook nL1N3510D9

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are both above +0.80

  • The two currency pairs currently tend to move in the same direction

  • Kuroda: FX moves on various factors, continues to watch market nT9N34O086

Source:
Refinitiv IFR Research/Market Commentary

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