0106 GMT - USD/JPY is likely to stay range-bound, StoneX's Matt Simpson says in commentary. The currency pair's strong two-session rally leading into last week's high could tip the balance toward a bullish breakout, however, this may have already occurred, the senior market analyst says. The daily chart shows USD/JPY closed flat on Friday with a wide-legged 'doji' pattern near Thursday's high and Monday's false break of last week's high formed a 'shooting star' candlestick pattern near the top of the range, the analyst notes. Until a clear breakout takes place, the 145.75-148.50 range which USD/JPY has traded within for most of the past two months remains valid, Simpson adds. USD/JPY is little changed at 147.66. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
September 22, 2025 21:06 ET (01:06 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.