Let's explore and discuss the USD JPY market today with Selena!
Currently, USDJPY is maintaining its strong momentum as it continues to rise, trading at 149.85 and approaching the psychological level at 150.00. The widespread strength of the US dollar, coupled with the steady interest rates of the US Treasury bonds, continues to support this currency pair.
On the technical side:
On the 1-hour chart, the upward trend remains stable, with UJ showing some sideways movement before nearing the important level of 150.00. There is a possibility of a slight correction towards 149.42 today before resuming its upward movement.
Currently, USDJPY is maintaining its strong momentum as it continues to rise, trading at 149.85 and approaching the psychological level at 150.00. The widespread strength of the US dollar, coupled with the steady interest rates of the US Treasury bonds, continues to support this currency pair.
On the technical side:
On the 1-hour chart, the upward trend remains stable, with UJ showing some sideways movement before nearing the important level of 150.00. There is a possibility of a slight correction towards 149.42 today before resuming its upward movement.
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