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Dec 24 - 03:55 AM

USD/JPY - Consolidates Recent Gains, Kato Warns Against Yen Sales

By Martin Miller  —  Dec 24 - 02:55 AM
  • Fin Min Kato repeats warning against excessive yen selling nL1N3NP01D

  • USD/JPY consolidating since it hit 157.93, Monday, highest level since July

  • USD/JPY has seen a 156.90-157.41 range, on Tuesday, according to EBS data

  • Fourteen-day momentum remains positive, reinforcing the bullish outlook

  • Fed/BOJ decisions last week means downside is limited nL1N3NK0AB

  • The euro usually climbs against the yen in December nL2N3N50BM

  • The 30 and 60-day correlations between USD/JPY and EUR/JPY are high

Source:
London Stock Exchange Group | Thomson Reuters

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