USD/JPY finally moving out of it’s daily range by Milan Cutkovic

  • USD/JPY has been stuck in a 30 pips range for most of the day, despite the strong Nikkei
  • European equity markets and S&P 500 futs also up on the day
  • Pair has now finally broken out the intraday range and is approaching 107.30
  • Offers reported at 107.50, above there not much resistance until 108.00
  • More gains seems likely amid solid risk sentiment

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