USD/JPY holds above 149.00 mark, upside remains limited
Updated
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The USD/JPY pair is facing difficulties in capitalizing on the positive momentum from Friday and opened with a modest decline on the first day of the new week.
However, the price is still attempting to recover a few pips from below 149.00, although lacking follow-through amid escalating geopolitical tensions in the Middle East, which tends to benefit the safe-haven Japanese Yen.
Key levels to watch:
Support level at 148.38 and resistance level targeted at 149.41, followed by 149.91.
The USD/JPY pair is facing difficulties in capitalizing on the positive momentum from Friday and opened with a modest decline on the first day of the new week.
However, the price is still attempting to recover a few pips from below 149.00, although lacking follow-through amid escalating geopolitical tensions in the Middle East, which tends to benefit the safe-haven Japanese Yen.
Key levels to watch:
Support level at 148.38 and resistance level targeted at 149.41, followed by 149.91.
Note
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