By Martin Miller — Dec 30 - 04:29 AM
(Fixed charts)
• USD/JPY has seen a 157.65-158.07 EBS range, on Monday, according to EBS data
• Recall spot hit 158.09 on Thursday, the highest level since July
• Sustained trading above the 156.68 Fibo, highlights the underlying bull bias
• 156.68 Fibo, a 76.4% retrace of the 161.96 to 139.58 drop
• Dollar underpinned by rising U.S. yields, including against yen
• EUR/JPY is much higher than where it opened this month at 158.10
• Note the euro usually climbs against the yen in December
Daily Chart:
Daily Chart
(Martin Miller is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters