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Mar 28 - 06:55 AM

USD/JPY - Chart Remains Bullish, Expect A 152.00 Break

By Martin Miller  —  Mar 28 - 05:00 AM
  • USD/JPY hit a new 2024 high at 151.97 on Wednesday

  • Scope grows for an eventual break above the 152.00 psychological level

  • Spot continues to trade well above daily kijun line, that is at 149.23

  • 14-day momentum turned positive last week, highlighting the upside bias

  • EUR/JPY has seen a 163.26-163.95 range, on Thursday, EBS data shows

  • USD/JPY Trader TGM2336. Previous update nL2N3G50LS

Source:
Refinitiv IFR Research/Market Commentary

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