Forex: USD/JPY advances further to 8-month highs
Forex pairs in this Article »
USD/JPY
FXstreet.com (San Francisco) - The USDJPY is joining the risk environment following the Fed's policy delivery with the pair extending its advance and posting fresh multi-months highs.
After rising around 35 pips in the latest hour from 82.90, the USDJPY has broken above 83.20, previous high, to trades around the 83.25 zone. currently the pair is pricing at 83.25, 0.93% above opening price action.
From a technical view, "Immediate upside target lies at 83.26, 02 Apr high, ahead of yearly highs at 84.08/17, posted in March", said Slobodan Drvenica, analyst at Windsor Brokers Ltd. "Any dips should be contained at 82.50 zone".
After rising around 35 pips in the latest hour from 82.90, the USDJPY has broken above 83.20, previous high, to trades around the 83.25 zone. currently the pair is pricing at 83.25, 0.93% above opening price action.
From a technical view, "Immediate upside target lies at 83.26, 02 Apr high, ahead of yearly highs at 84.08/17, posted in March", said Slobodan Drvenica, analyst at Windsor Brokers Ltd. "Any dips should be contained at 82.50 zone".
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