0050 GMT - USD/JPY bulls are on high alert for a bullish breakout on the chart, StoneX's Matt Simpson says in a commentary. The pair's 1.9% daily gain on Monday marked its strongest single-day performance in nine weeks and lifted it to within 23 pips of August's high, the senior market analyst notes. This surge has invalidated last week's bearish bias, Simpson says. A sustained rally will probably depend on confirmation that Japan's incoming prime minister can influence the BOJ's rate-hike trajectory, he says. "For now, however, dips appear likely to attract buyers, with focus on a retest of the 151.28 double-top high," Simpson adds. USD/JPY is 0.1% higher at 150.52 after earlier touching 150.61, highest intraday level since Aug. 1, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 06, 2025 20:50 ET (00:50 GMT)
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