USDJPY: Significant recovery
Hello dear friends!
USDJPY continues to demonstrate a series of victories in recent days, trading around 145.46 and increasing by 0.39% in the day.
In contrast to other currencies like GBPUSD and EURUSD, USDJPY has benefited and gained support as the Japanese Yen has abandoned some recent strong gains, reducing speculation about potential policy changes from the Bank of Japan, which has weakened the JPY.
USD has received support from better-than-expected monthly employment data from the United States on Friday, which is the main driving force behind the significant recovery of this currency pair.
Given the current situation, the short-term target for USDJPY could be to regain the high level around 147.00. What do you think about this currency pair?
USDJPY continues to demonstrate a series of victories in recent days, trading around 145.46 and increasing by 0.39% in the day.
In contrast to other currencies like GBPUSD and EURUSD, USDJPY has benefited and gained support as the Japanese Yen has abandoned some recent strong gains, reducing speculation about potential policy changes from the Bank of Japan, which has weakened the JPY.
USD has received support from better-than-expected monthly employment data from the United States on Friday, which is the main driving force behind the significant recovery of this currency pair.
Given the current situation, the short-term target for USDJPY could be to regain the high level around 147.00. What do you think about this currency pair?
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