USD/JPY oscillates in a range around 149.00 mark
Updated
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USDJPY continues to maintain its upward trend by consistently increasing its value above 148.00.
Currently, UJ is trading around the level of 149.029, a record high. Additionally, the Federal Reserve has signaled the possibility of raising interest rates at least once by the end of this year. This allows the US dollar (USD) to remain strong near its year-to-date peak and act as a tailwind for the USD/JPY pair, helping it continue to rise.
USDJPY continues to maintain its upward trend by consistently increasing its value above 148.00.
Currently, UJ is trading around the level of 149.029, a record high. Additionally, the Federal Reserve has signaled the possibility of raising interest rates at least once by the end of this year. This allows the US dollar (USD) to remain strong near its year-to-date peak and act as a tailwind for the USD/JPY pair, helping it continue to rise.
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Traders also seem reluctant to bet aggressively and want to wait for Fed Chairman Jerome Powell's speech on ThursdayComment
UJ is increasing as indicatedComment
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