Yes, USD/JPY is following a strong downtrend, respecting the descending trendline. The break of the 148.000 support confirms further downside momentum. If sellers maintain control, the next key level to watch is 146.000, which aligns with previous demand zones and potential psychological support.
Keep an eye on fundamental factors like U.S. Treasury yields, BOJ interventions, and upcoming economic data, as they can influence the speed of the decline.
Are you looking to take a short trade on this move?
Keep an eye on fundamental factors like U.S. Treasury yields, BOJ interventions, and upcoming economic data, as they can influence the speed of the decline.
Are you looking to take a short trade on this move?
Trade closed manually
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