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USD/JPY Technical Analysis

On the daily chart below, we can see that after breaking out of the channel, it was pretty much a one-way road for the pair. USD/JPY is correlated with US yields, which were rising fast in the past weeks, and this yielded (pun intended) such a big rally. We can see that the buyers couldn’t break the 138.00 handle and the price pulled back notably in the past days.

US yields fell even if the Fed Chair Powell signaled the c... Read More

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Usd

Jpy

Technical

Analysis

Usd jpy

Forex

Posted: Mar 10 2023, 09:09

Author Name: forexlive

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