U.S. Dollar / Japanese YenUpdated UJ needs more momentum to move towards 150.00
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Today, UJ continues to maintain its upward momentum, currently trading at 149.47. This currency pair has received support following the optimistic data released by Japan on Friday.
However, UJ is still facing pressure to surpass the psychological resistance level at 150.00. There may be a slight price decline in the short term, but the upward trend is still intact. Breaking through the resistance level at 149.6 will pave the way for further price increases for USDJPY.
Today, UJ continues to maintain its upward momentum, currently trading at 149.47. This currency pair has received support following the optimistic data released by Japan on Friday.
However, UJ is still facing pressure to surpass the psychological resistance level at 150.00. There may be a slight price decline in the short term, but the upward trend is still intact. Breaking through the resistance level at 149.6 will pave the way for further price increases for USDJPY.
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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.