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1 hour ago, phillo said:

this one continues it's amazing run

Japanese Yen Sets Sail for New Lows and the Chinese Yuan May Ebb That Way as Well

Jun 9, 2022 | DailyFX
Daniel McCarthy, Strategist

JAPANESE YEN, USD/JPY, US DOLLAR, USD/CNY, YUAN, CNH, MR YEN- TALKING POINTS

  • USD/JPY is on the rampage after demolishing resistance this week
  • Yen weakening might have broader ramifications for the region
  • JPY direction appears to be gathering pace. What could stop USD/JPY?

To get to 150, USD/JPY would first need to clear a couple of high-water marks from early 2002, just above 135.

Looking ahead, Japanese PPI and trade data is due out tomorrow.

USDJPY CHART

Chart created in TradingView

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