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USD/JPY reaches new 2023 high at 147.88

The rebound in the USD/JPY has now extended a bit more since recent updates here on the current price action and its outlook. The USD/JPY has been grinding steadily higher all morning so far, since setting in place a noted double bottom on the daily charts this week, at or just above 147.00. The push higher now as just seen it press to reach a new 2023 high above the previous one at 147.87, set on September 7. It remains to be seen how far this will extend and whether or not we get further official Japanese rhetoric to try and stop that ahead of the weekend. It is also worth noting; that Japan is on holiday on Monday, with the markets there closed for the Respect for the Aged Day. The USD/JPY has just now reached 147.88. It is just now at 147.85

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