USD/JPY is limited below psychological resistance of 155.00
Hello dear readers!
Overall, USD/JPY remains defensive today below 151.50 following the release of Japan's soft CPI report and mixed Retail Sales and Industrial Production data on Friday. Japan's verbal interference also weighed heavily on the couple amid poor weather on the Good Friday holiday. US PCE inflation awaits.
In the short term, I still expect a correction in trend for the pair as any bullish attempt at UJ will be tested at 155.00.
The current support level is around 145.00. If this level is surpassed, it could cause USDJPY to fall further, potentially reaching the 140.00 level.
Overall, USD/JPY remains defensive today below 151.50 following the release of Japan's soft CPI report and mixed Retail Sales and Industrial Production data on Friday. Japan's verbal interference also weighed heavily on the couple amid poor weather on the Good Friday holiday. US PCE inflation awaits.
In the short term, I still expect a correction in trend for the pair as any bullish attempt at UJ will be tested at 155.00.
The current support level is around 145.00. If this level is surpassed, it could cause USDJPY to fall further, potentially reaching the 140.00 level.
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