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USD/JPY brushes against key technical level at seven-week highs

The Japanese yen is the weakest performing major currency to start the new week, extending losses from the end of last week. In the case of USD/JPY, the pair caught a firm break above 135.00 and is seeing gains run further with buyers testing key technical resistance from the 200-day moving average (blue line) today.That key level stands at 136.97 and will be a major technical point to watch out for in the sessions ahead.It helped to keep the March push higher at bay, before the pair reversed to... Read More

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Content Topics

Usd

Jpy

Brushes

Against

Technical

Level

Seven

Week

Highs

Usd jpy

Seven week

Forex

Posted: May 1 2023, 04:50

Author Name: forexlive

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