#USDJPY @ 138.642 -imp levels: to reach the August 1998 high at 147.65 – BBH
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USD/JPY has touched its highest level in over a month at 139.00. The pair could climb as high as the August 1998 peak of 147.65, economists at BBH report.
“USD/JPY is trading at the highest since July 15 near 139 and will soon test the July 14 high near 139.40.”
“We maintain our medium-term target of 147.65, the August 1998 high, as the BoJ stood out at Jackson Hole as the Lonesome Dove.”
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