Technical Analysis

USD/JPY edges to a fresh six-month high

USD/JPY up 17 pips on the day

USD/JPY edged above Friday’s high to the best levels since May 29. The pair has formed a nice uptrend since falling to 104.46 in late August.

The next level the pair will have to contend with is 110.00 but aside from that, the technical picture is positive (as it is for many of the yen crosses).

ForexLive

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