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USD/JPY Claws Above 80.00; Highest Since Aug 4

From efxnews.com

The USD/JPY claws itself above the psychologically important 80.00 mark, highest since Aug 4. A senior trader at a major Japanese bank says the uptrend is backed by the recent JPY-selling momentum, but doubts whether the pair's rise will continue. "I have to question whether JPY selling will continue," he says. "It depends on how you see the dollar's outlook from now on, but at this point investors' views are widely divided," he adds. He is tipping the pair's next resistance at the Aug. 4 high of 80.25. "After that, the next resistance will be near 81.00" he adds. On the USD/JPY options front, so far in Tokyo  ... (full story)

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