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Sep 18 - 06:55 AM

USD/JPY - Will Likely Set New 2023 Highs, Probe 148 Barriers

By Martin Miller  —  Sep 18 - 05:05 AM
  • Japan's yen takes the spotlight in central bank week nL4N3AU0F5

  • Fed rate decision is due Wednesday, BoE on Thursday and BOJ on Friday

  • It took USD/JPY all of last week to close the 'Ueda gap' nL1N3AR0TZ

  • USD/JPY 4th weekly close above 146.11 Fibo is a very bullish nL1N3AU0BG

  • USD/JPY has seen a 147.57-88 range, according to EBS prices, on Monday

  • Trading persists below last Friday's 147.95 new 2023 high

  • Expect an eventual rise to probe 148 where barrier options likely reside

  • USD/JPY, EUR/JPY usually rise in September nL1N3AH0Q6nL1N3AH2TR

Refinitiv IFR Research/Market Commentary


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