USDJPY : Weak recovery
Updated
The USDJPY has yet to show any significant signs of recovery, despite a decrease in upward pressure.
Looking at the USDJPY chart, it can be observed that it is hovering around the 146.8 level, forming a support level. However, the overall trend remains bearish with the 34 EMA reversing if the Japanese Yen (JPY) continues to recover. There is a possibility that the USDJPY will break the current support level and undergo a deeper decline.
Looking at the USDJPY chart, it can be observed that it is hovering around the 146.8 level, forming a support level. However, the overall trend remains bearish with the 34 EMA reversing if the Japanese Yen (JPY) continues to recover. There is a possibility that the USDJPY will break the current support level and undergo a deeper decline.
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