USDJPY trades to the highest level since February 2020
The price moved above the swing highs from 2021 and March 2020.
. Close risk is now the 111.653 level 
The USDJPY has continued its push to the upside and in the process has cracked above the 2021 highs near 111.653 and the March 2020 high at 111.709. The high price just reached 111.876. The next target comes in at the February 2020 high of 112.220. Close risk is now the 111.653 level.
The USDJPY has continued its push to the upside and in the process has cracked above the 2021 highs near 111.653 and the March 2020 high at 111.709. The high price just reached 111.876. The next target comes in at the February 2020 high of 112.220. Close risk is now the 111.653 level.
The 110.98 to 111.115 area is also a risk level for longs looking for more upside dollar buying. That level corresponds with the highs from March and June on the daily chart below. The USDJPY stalled in that area on Monday, and cracked above that area during yesterday’s run to the upside. Today, has seen the next break.
The USDJPY is working on its 6th day higher since bottoming at 109.113 on September 22.
