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USDJPY extends higher. Tests January high/swing area

USDJPY extends higher. Tests January high/swing area

The USDJPY has moved higher in trading today as traders worry less about the expected new BOJ Governor Kazuo Ueda's likely policy tilt. The view is he will maintain the ultra loose policy of his predecessor Kuroda.

Looking at the 4 hour chart above, the price has extended up toward the swing area between 132.708 and 132.902. The 50% midpoint of the move down from the December 2022 high is also just below that level at 132.689. The high price has reached 132.83 so far. The current pri... Read More

Posted: Feb 13 2023, 14:21
Author Name: forexlive
Views: 111513

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