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The USDJPY breaks to the upside after Fed Logan comments

The USDJPY is trading and breaking to the upside after Fed's Logan said that the data does not support a pause in June. The move to the upside has taken the price away from its 200-day moving average and above a swing area between 137.499 and 138.139. The price is also above the May 1 high at 137.75 and the early March high at 137.91. Those levels are now close risk for the pair. This article was written by Greg Michalowski at www.forexlive.com... Read More

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Usdjpy

Breaks

Upside

After

Logan

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Forex

Posted: May 18 2023, 13:36

Author Name: forexlive

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