USDJPY approaches 150.00
Updated
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Today, USDJPY continues to maintain its upward momentum in the new week's trading session. It is currently trading around 149.78 and is extending its gains to an important level of 150.00, reaching the highest level in the past 11 months.
On the 4-hour timeframe, the uptrend channel is still functioning well, with prices remaining within the upward range. Additionally, this currency pair is supported by the recent increase in US Treasury bond yields and the mild comments from the Bank of Japan. Therefore, reaching the 150.00 mark for USDJPY is entirely possible.
Today, USDJPY continues to maintain its upward momentum in the new week's trading session. It is currently trading around 149.78 and is extending its gains to an important level of 150.00, reaching the highest level in the past 11 months.
On the 4-hour timeframe, the uptrend channel is still functioning well, with prices remaining within the upward range. Additionally, this currency pair is supported by the recent increase in US Treasury bond yields and the mild comments from the Bank of Japan. Therefore, reaching the 150.00 mark for USDJPY is entirely possible.
Note
What do you think about the market this week? Comment to let Selena know!Note
Japan’s Chief Cabinet Secretary Hirokazu Matsuno said on Monday, he was “closely watching FX moves with a high sense of urgency.”Note
USD/JPY is uninspired by the BoJ operation, keeping 0.29% higher on the day at 149.80.Note
USDJPY is rising as expected, about to reach 150.00, come on!Note
Analysis on 1h chart
Trade closed: stop reached
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