USD/JPY has retested and again been capped at the 78.6% retracement of the 2022/2023 fall at 146.66 and top of the trend channel, now seen higher at 147.10, and we look for a deeper setback from here.
Big picture, our bias remains to view weakness as temporary and corrective ahead of a move above 146.66 in due course for our core and long-held target at the ‘measured base objective’ at 148.57.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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