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USD/JPY: "Market Doesn't Like 111.00 Big Figure" says Hantec Markets’ Perry

  • Written by Joaquin Monfort
  • Category: JPY

Foreign exchange USD JPY

The Dollar-Yen exchange rate (USD/JPY) has been recovering steadily in a rising channel since the January 3 lows and has now arguably established a short-term uptrend, however the big 111 figure is proving problematic for Dollar bulls.

Read more: USD/JPY: "Market Doesn't Like 111.00 Big Figure" says Hantec Markets’ Perry

Pound-Yen Rate Poised to Break Out of Top of 'Bull Wedge'

  • Written by Joaquin Monfort
  • Category: JPY

Pound to Yen rate

GBP/JPY is rising within what is probably a long bullish wedge pattern, this means if it breaks out above the top of the wedge it is destined to continue its rally to the upside, with much force.

Read more: Pound-Yen Rate Poised to Break Out of Top of 'Bull Wedge'