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- USD/JPY set to target the 150 level – BofA
USD/JPY set to target the 150 level – BofA
USD/JPY has somewhat stabilised after a choppy week. But, maintain economists at Bank of America Global Research, a bullish bias exists targeting a move towards 150.
Still an uptrend
“Still a strong uptrend with potential to see 149.53/150 in the next leg of a broad USD rally. Since the secular breakout in 1Q22, USD/JPY continues to break higher and reach our long list of big upside targets.”
“The next three levels are the 38.2% head and shoulders target of 145.18, the peak in 1999 was in the 147s and an A=C target is 149.53.”
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