USDJPY is about to reach a peak of 150,000
Updated
Hello dear friends, as predicted yesterday by Karina, USDJPY has continued to rise in price and is currently fluctuating around the 149.779 level.
Currently, this currency pair is gradually approaching the high area of 150.00 after receiving strong support from the 137.302 support level. By using Fibonacci extensions, breaking through the 150.00 level will further fuel the upward momentum for USDJPY.
And you , How do you think ?
Currently, this currency pair is gradually approaching the high area of 150.00 after receiving strong support from the 137.302 support level. By using Fibonacci extensions, breaking through the 150.00 level will further fuel the upward momentum for USDJPY.
And you , How do you think ?
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The US Dollar Index (DXY) trades lower around 106.30 by the press time, retreating from the weekly highs. The US Dollar (USD) weakens due to the downbeat US Treasury yields, with the 10-year US bond yield standing at 4.64%, down by 1.23% at the time of writing.Note
Uj closed at 149,554. The goal of 150.00 was not achieved this week.Note
Currently, the recent recovery of USD/JPY has stalled as it hovers around the strong resistance level at the psychological mark of 150, not far from the highest level of 152.00 in 2022. However, there are no signs of a reversal in the upward trend.Note
According to S&P Global's assessment of the Japanese economy and monetary policy, the rating agency anticipates that policy interest rates in Japan could experience an upward trajectory, beginning in 2024.
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