Yen has room to rise to around ¥154.00, says MRA's Fukaya (深谷), depending on US economic data

The story

The yen is expected to move one way higher toward around ¥154.00, and is seen as having room to rise. The market may move depending on the release of upcoming US economic data.

MRA's Fukaya (深谷) expressed this view, with the short-term direction of the foreign exchange market seen as being driven by the results of US economic data.

At a glance

IndicatorsThe yen's exchange rate may be driven by US economic data

LevelThe yen's exchange rate is seen as having room to rise to just above ¥154

PersonFukaya (深谷) of MRA expressed this view

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