0144 GMT - USD/JPY is testing the top of last week's 'spinning top Doji' pattern on the technical charts, says Matt Simpson, market analyst at FOREX.com and City Index, in a commentary. This move comes after the currency pair's bullish range expansion started overnight, the analyst notes. USD/JPY bulls could seek dips within Monday's range on expectations of another leg higher, Simpson says. A break above the 152.00 level would bring the 153.28 low into focus, the analyst adds. USD/JPY is 0.1% higher at 151.37 after earlier touching 151.56, the highest intraday level since the end of November, according to FactSet. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
December 09, 2024 20:44 ET (01:44 GMT)
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