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USDJPY: Continuous price increase
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USDJPY continues to maintain stability within the previous price range. It remains stable between 147.36 and 147.34.
In this regard, this currency pair is once again supported by the recovery of the USD. USDJPY has witnessed significant buying pressure as investors reconsider their bets in support of the Federal Reserve's interest rate cut decision in March.
Furthermore, the weakening of the Japanese Yen for the third consecutive day, amid expectations of a more accommodative stance from the Bank of Japan, is also a factor driving this currency pair higher.
Currently, from the chart, USDJPY has successfully surpassed the resistance level of 146.200. The prospects for further price increases are still supported at the moment, with respective targets of 148.12 and 149.73
In this regard, this currency pair is once again supported by the recovery of the USD. USDJPY has witnessed significant buying pressure as investors reconsider their bets in support of the Federal Reserve's interest rate cut decision in March.
Furthermore, the weakening of the Japanese Yen for the third consecutive day, amid expectations of a more accommodative stance from the Bank of Japan, is also a factor driving this currency pair higher.
Currently, from the chart, USDJPY has successfully surpassed the resistance level of 146.200. The prospects for further price increases are still supported at the moment, with respective targets of 148.12 and 149.73
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