The US dollar has regained its upward momentum recently, supported by market optimism following the mutual US-China agreement to reduce tariffs. One of the most notable currencies to weaken against the US dollar is the Japanese yen.
The USD/JPY pair has risen, forming a series of higher highs. The recent movement highlights three key levels to watch closely.
The 145.644 level is considered a positive signal for a renewed upward move, targeting the 147.755 level.
Meanwhile, the 144.822 level serves as a key support to maintain the bullish outlook. A drop below this level and a daily or 4-hour close beneath it would indicate a shift from a bullish to a bearish trend.
The USD/JPY pair has risen, forming a series of higher highs. The recent movement highlights three key levels to watch closely.
The 145.644 level is considered a positive signal for a renewed upward move, targeting the 147.755 level.
Meanwhile, the 144.822 level serves as a key support to maintain the bullish outlook. A drop below this level and a daily or 4-hour close beneath it would indicate a shift from a bullish to a bearish trend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.