Fresh one-month highs in USD/JPY at 79.58. It’s the fifth straight day of gains.
Offers at 79.90/00 are in place with techs watching the 100-day moving average at 79.66.
All week, we have been talking about the bullish confluence of higher yields and oil prices on this pair. It has been a remarkably smooth move except for the selloff after CPI/Empire on Wednesday.
