• USD/JPY has edged higher from 157.76-158.20, on Tuesday, according to EBS data

• Spot steady as traders brace for start of voting in US midterms

• USD/JPY remains stuck within the daily cloud that currently spans 156.91-158.44

• A break above the cloud top would be quite a bullish technical sign

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

Daily Chart


Correlation Chart

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