Japanese Yen Slightly Rebounds, Is USD/JPY Really Reversing?
Are you ready for the latest hot updates on the USD/JPY pair? Let’s dive deep into the analysis with Alisa!
The Japanese Yen has slightly recovered after Japanese officials intervened, pushing the USD/JPY pair below 152.00. However, the Fed’s interest rate hike prospects and political uncertainty in Japan are limiting the Yen’s upward momentum. Investors are closely watching the PMI data to assess the global economic outlook.
Looking at the technical chart, the upward trend is still ongoing. Although the USD/JPY pair is currently slightly declining, it won’t be long before the uptrend resumes. With support from the ascending price channel and the 151.00 level, the pair's upward momentum will be reinforced.
So, what do you think? Will the USD/JPY pair continue to decline, or will it reverse and rise? Let Alisa know!
The Japanese Yen has slightly recovered after Japanese officials intervened, pushing the USD/JPY pair below 152.00. However, the Fed’s interest rate hike prospects and political uncertainty in Japan are limiting the Yen’s upward momentum. Investors are closely watching the PMI data to assess the global economic outlook.
Looking at the technical chart, the upward trend is still ongoing. Although the USD/JPY pair is currently slightly declining, it won’t be long before the uptrend resumes. With support from the ascending price channel and the 151.00 level, the pair's upward momentum will be reinforced.
So, what do you think? Will the USD/JPY pair continue to decline, or will it reverse and rise? Let Alisa know!
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