• USD/JPY closed above the cloud, that currently spans 157.14-158.42, on Tuesday

• That puts the overall focus on the 159.03, September 24 high

• Spot has seen a 158.67-158.96 range so far, on Wednesday, according to EBS data

• Good offers still around 159.00 capping upside, may include Japan exporters

• Note FX traders are wary of intervention in USD/JPY above 159.00

• EUR/JPY usually rises in November; chart hints at repeat

Daily Chart

(Martin Miller is a Reuters market analyst. The views expressed are his own)