Ueda to speak:
I don’t think he’ll be too dovish so he might stabilise the yen. We’ll see.
USD/JPY has surged:
Sheesh …. I popped up this hourly chart looking for some USD/JPY resistance. I am not seeing much until around 153.90, where I placed the cursor, that dotted line @ 153.894. Surely resistance is not that far away?
This article was written by Eamonn Sheridan at www.forexlive.com.
