0017 GMT - USD/JPY's short-term uptrend remains strong, based on daily chart, says Matthew Weller, global head of Research at FOREX.com and City Index in an email. USD/JPY is in the midst of a huge three-day, post-election surge, rising more than 500 pips from Friday's close to Wednesday's high, Weller says. The rally has lifted the currency pair through prior resistance at 150.80 and 61.8% Fibonacci retracement of its 1H 2025 decline at 151.65. "From here, there's little in the way of technical resistance until 155.00," which is 78.6% Fibonacci retracement, and then the 159.00 zone, Weller adds. USD/JPY is 0.1% lower at 152.56, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 08, 2025 20:17 ET (00:17 GMT)
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