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USD/JPY Technical: Bullish breakout from 4-week range ahead of BOJ

USD/JPY Technical: Bullish breakout from 4-week range ahead of BOJ
Higher interest rates for longer periods from Fed’s latest monetary policy stance reinforced USD/JPY strength. USD/JPY staged a bullish breakout from its recent 4-week range. The next key intermediate resistances stand at 142.25 and 142.80 ahead of BoJ’s monetary policy decision tomorrow. Fig 1: USD/JPY medium-term trend as of 15 Jun 2023 (Source: TradingView, click […]... Read More
Posted: Jun 15 2023, 08:38
Author Name: marketpulse
Views: 110696

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