Flash: Key test for USD/JPY awaits at 100.60 - BBH

FXstreet.com (Barcelona) - The key test for the USD/JPY is awaiting closer to 100.60, September high, which is just below the high from the second half of July set near JPY100.85, notes Marc Chandler, Global Head of Currency Strategy at BBH.

Key Quotes

"A break of this would bring into view the early July high near JPY101.55, which is the high posted since the decline from the year's high set in May (~JPY03.75) to the early June low (just below JPY94). Support has been established around JPY99 and it may require a break of that to signal a high is in place."