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USD/JPY probing 61.8% Fibo hurdle into Yellen event risk

Tuesday, February 24, 2015 2:12 PM UTC

Source: Thomson Reuters

USD/JPY pressing 61.8% of Feb 11-16 drop at 119.58 & well above Tenkan into Yellen
Ichi configuration bullish & Nikkei at new Abenomics highs
Weekly Ichi pattern also bullish, pair has not closed below Tenkan at 118.30 in 3 wks
Exporter offers & 1.2bln of 120 expiries targeted above 119.60 buy stops
Down TrendLine from Dec 23 at 120.40 key

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USD/JPY probing 61.8% Fibo hurdle into Yellen event risk

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