ON DAILY TF the daily structure of USDJPY is currently showing a bullish trend, but it looks like yen will make a bearish turn after the breakout of the ascending bullish channel.
Bank of japan monetary policy could see yen strengthens against dollar
The USDJPY pair is highly sensitive to interest rate decisions and economic indicators.
Traders should keep an eye on the Bank of Japan's monetary policy and the US Federal Reserve's interest rate decisions.
The pair's movement can also be influenced by global economic events, such as trade tensions and geopolitical developments.
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