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USD/JPY Inching to New Session Highs

  • USD/JPY gains extend in recent trade to put the pair at a fresh daily high of 115.39. Small lurch higher in volumes across currency futures, with ~1,500 contracts changing hands on the move higher (~$175mln cash equivalent).
  • Move prompts the pair to narrow the gap with next key resistance at the Feb 15 high of Y115.87 ahead of the bull trigger at 116.34/35.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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