Hello dear readers! Currently, there is a growing interest in selling the USD/JPY pair, as it approaches the 147.80 level and reaches its highest point since November 2022.
It seems that the USD/JPY has experienced three consecutive days of price increases. However, this currency pair still faces many challenges due to the expectation that the Fed will maintain higher interest rates in the near future, which creates difficulties for them during this time.
It seems that the USD/JPY has experienced three consecutive days of price increases. However, this currency pair still faces many challenges due to the expectation that the Fed will maintain higher interest rates in the near future, which creates difficulties for them during this time.
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good luck everyone
Comment:
Kanda has issued a warning about the recent Japanese Yen (JPY) sell-off and indicated that the authorities will not rule out any options if speculative activities in the currency market continue. . This statement had a bearish impact on the USD/JPY pair.
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everything is going according to the indicator
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In order to maintain the rapid buildup in momentum, USD must stay above 146.70 (‘strong support’ level was at 146.45 yesterday).
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On the downside, 1.2420 (static level from June) could be seen as next bearish target before 1.2400 if GBP/USD fails to reclaim 1.2500.
