By Martin Miller — Aug 16 - 05:20 AM
USD/JPY, this week, breaks 145 with barely a murmur from Japan nL1N39X05G
Recall Japan intervened last September when USD/JPY exceeded 145
USD/JPY rose to new 2023 high at 145.86, on Tuesday, ahead of consolidation
Wednesday has seen a 145.31-69 range, on Wednesday, according to EBS data
Japanese importer interest towards 145, exporters towards 146
USD/JPY bulls remain focused on a major Fibo just above 146 nL1N39X0HZ
EUR/JPY's correlation with USD/JPY high, 30/60-day logs are above +0.70
Source:
Refinitiv IFR Research/Market Commentary