USD/JPY has pushed to a brand new 34-year excessive at 155.37. The market tip-toed by means of 155.00 early in US buying and selling and after a peak above, has evidently determined there is not any intervention boogey-man on the opposite aspect. That is flashed a inexperienced gentle for patrons and a check of upper ranges.
LDP official Takao Ochi in the present day said there’s not but energetic dialogue on what yen ranges can be deemed as price intervening however mentioned a transfer in direction of 160 or 170 may power motion.
That feels like an invite to me.
This text was written by Adam Button at www.forexlive.com.
