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USD/JPY Technical: Bullish tone resumes, 148.20/85 next resistance to watch

USD/JPY Technical: Bullish tone resumes, 148.20/85 next resistance to watch
USD/JPY cleared above 145.50/146.10 resistance that confluences with BoJ’s FX intervention conducted on 22 September last year. Primary driver of USD/JPY rallies has been a weak Chinese yuan and rising sovereign yield premium of the 10-year US Treasury over the 10-year JGB. The next medium-term resistance to watch will be at 148.20/85 on the USD/JPY. […]... Read More
Posted: Aug 17 2023, 05:58
Author Name: marketpulse
Views: 102545

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