Greetings to all my friends!
The USDJPY pair is maintaining its strong position and has reached a trading threshold of approximately 149.37. However, it is currently experiencing a slight decline, trading at 139.30. This can be attributed to the US Dollar Index (DXY) reaching a 10-month high of around 106.20, thanks to the Federal Reserve tightening monetary policy in order to ensure price stability. Such actions by policymakers could potentially impact the pair and lead to further declines.
Based on my personal opinion as an admin, I believe that there might be a slight adjustment in price as it searches for its bottom level before rebounding upward again with support from that level.
The USDJPY pair is maintaining its strong position and has reached a trading threshold of approximately 149.37. However, it is currently experiencing a slight decline, trading at 139.30. This can be attributed to the US Dollar Index (DXY) reaching a 10-month high of around 106.20, thanks to the Federal Reserve tightening monetary policy in order to ensure price stability. Such actions by policymakers could potentially impact the pair and lead to further declines.
Based on my personal opinion as an admin, I believe that there might be a slight adjustment in price as it searches for its bottom level before rebounding upward again with support from that level.
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good luck everyone
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