SEB: USD/JPY intraday trends hints of a potential upside – eFXnews

FXStreet (Barcelona) - The eFXnews Team notes SEB observes that the intraday trend for USD/JPY hints of upside potential for the pair if it breaks above 119.13.

Key Quotes

“USD/JPY: Bearish weekly print...But the intradailies hint of upside potential if breaking back over 119.13 - and if so for at least 119.90 (earlier reaction high & near-term 'Equality point') So first thing after the landslide LDP election both 117.78 & 119.13 seem worth watching without any directional present. Current intraday stretches are located at 117.70 & 119.50”