USDJPY spinning in a tight range after all times high
The pair fell to a low of 143.45 earlier after remarks by Japan’s top currency diplomat Kanda here. But as mentioned then, the warnings are merely still verbal intervention at the end of the day – even if they are a step up from what they used to remark on the currency.
- USDJPY currently trading at 144.000.
The USDJPY pair is up 0.2% on the day, after bouncing back from support at 144.00. The pair is currently trading at around 144.30.
It’s important to note that the 145.00 level remains a tough resistance point to break through. There is talk of knock out options at this figure level, which will make it even harder for buyers to push through to seek a further push higher. But if we do see that layer give way, expect a quick move towards 147.00 next.
