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USD/JPY sets itself up for a bit of a breather

Higher Treasury yields and less dovish Fed pricing has certainly helped with the pair's recovery since Friday, with price now climbing back above 134.00 to its highest levels since 15 March last month.Of note, the pair is hoping to crack through resistance from the 50.0 Fib retracement level of the swing lower in March, seen at 133.77, after the break above the 100-day moving average (red line) again at the end of last week.That tees up a potential push towards 135.00 next, before buyers might r... Read More

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Posted: Apr 17 2023, 10:06

Author Name: forexlive

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