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USD/JPY nears 146.00 in eighth consecutive day of gains

Last week I wrote about 'the tell in USD/JPY', highlighting the powerful combination of factors that had created a bid and was likely to sustain one.The pair has now rallied for eight straight sessions and is knocking on the door of 146.00. Last week ended with the pair right at resistance at 145.00 and there was a minor pullback but since then, it's been steadily higher, propelled by strong US data on retail sales and signs of accelerating US growth.There isn't much standing in the way of a ris... Read More

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Content Topics

Usd

Jpy

Nears

146

00 Eighth

Consecutive

Gains

Usd jpy

146 00

Forex

Posted: Aug 16 2023, 17:14

Author Name: forexlive

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