USDJPY continues to shine
Updated
Hello dear traders! Join Darius to learn about the new week of the USD/JPY pair!
The USD/JPY pair hit a new high since November 2022 during the Asian session on Monday, although it struggled to capitalize on modest gains beyond the mid-148.00s. The pair is currently trading at 148.33 and remains in an uptrend.
Speculation that Japanese authorities will intervene in foreign exchange markets to support the local currency, coupled with weaker risk levels, will provide some support to the safe-haven Japanese Yen (JPY).
The USD/JPY pair hit a new high since November 2022 during the Asian session on Monday, although it struggled to capitalize on modest gains beyond the mid-148.00s. The pair is currently trading at 148.33 and remains in an uptrend.
Speculation that Japanese authorities will intervene in foreign exchange markets to support the local currency, coupled with weaker risk levels, will provide some support to the safe-haven Japanese Yen (JPY).
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