By Martin Miller — May 17 - 03:45 AM
Scope for USD/JPY gains to retest May 137.78, March 137.90 (EBS) peaks
Long tail on last Thur's candle, reinforces the recent downside rejection
Friday's big gain adds to the upside bias, as does positive 14-day momentum
The positive alignment of the daily tenkan, kijun lines are also bullish
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EUR/JPY has seen a 148.12-148.65 (EBS) range so far on Wednesday
Source:
Refinitiv IFR Research/Market Commentary