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USD/JPY still stuck in a consolidation phase after the sharp drop last week

USD/JPY still stuck in a consolidation phase after the sharp drop last week

After the dollar selling that took the pair below 140.00, we haven't seen an extended drop just yet even as price continues to keep below its 100-day moving average (red line):

The lack of drive to the downside is helped by the fact that the dollar is starting to put up more of a fight as broader market sentiment hints that the relief rally momentum is stalling.

But as long... Read More

Posted: Nov 18 2022, 07:37
Author Name: forexlive
Views: 1117100

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