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Sep 20 - 05:55 AM

USD/JPY - Chart Shows Bulls Remain In Control

By Martin Miller  —  Sep 20 - 03:40 AM
  • USD/JPY's initial focus is on the 144.99 peak registered earlier in Sept

  • Expect bigger gains in the weeks ahead towards Aug. 1998 147.64 peak

  • Possible especially as the mkt continues to trade above 140

  • Tenkan and kijun lines are positive aligned, the overall bullish mkt

  • We are now long at 142.70 for eventual gains to our 144.90 target

  • USD/JPY Trader TGM2336. Previous nL1N30Q0EU

  • EUR/JPY range has been 143.45-144.02, on Tuesday, according to EBS prices

Source:
Refinitiv IFR Research/Market Commentary

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