Forex: USD/JPY surprisingly breaks higher
FXstreet.com (Barcelona) - USDJPY just skyrocketed moments ago and keeps climbing last at fresh 3-day highs 82.45, along with EURUSD at fresh session highs 1.2993, thus making EURJPY cross break to double 7-month high at 107.11 with previous Monday's highs. The pair though just paired previous weekly starting price from Monday.
Nikkei index is also surging a +0.85% for the day, stalling around previous 7-month high past Friday around the 9485 mark, following better than expected MNI Business sentiment Indicator for China at 53.78 for Nov. vs. 51.86 Oct, reports Eamonn Sheridan at ForexLive.
"Looks like there were plenty of stops just above 82.20 and USDJPY surprises yet again with some sharp volatile bursts," says FXWW founder Sean Lee, adding: "Even though some of the crosses are heavily overbought, this pair continues to behave very bullishly. Next resistance of note is at 82.60."
Nikkei index is also surging a +0.85% for the day, stalling around previous 7-month high past Friday around the 9485 mark, following better than expected MNI Business sentiment Indicator for China at 53.78 for Nov. vs. 51.86 Oct, reports Eamonn Sheridan at ForexLive.
"Looks like there were plenty of stops just above 82.20 and USDJPY surprises yet again with some sharp volatile bursts," says FXWW founder Sean Lee, adding: "Even though some of the crosses are heavily overbought, this pair continues to behave very bullishly. Next resistance of note is at 82.60."
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