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USDJPY Technical Analysis

On the daily chart below for USDJPY, we can see that after the little banking crisis in mid-March, the pair sold off aggressively as the market started to price in several interest rates cuts from the Fed by the end of the year and Treasury yields fell markedly. The USD/JPY pair is notoriously correlated with the US Treasury yields, so if yields go up, the pair goes up and vice versa. Lately we started to get weak US economic data that supported the JPY, but then the NFP report last Friday beat... Read More

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Usdjpy

Technical

Analysis

Forex

Posted: Apr 13 2023, 09:20

Author Name: forexlive

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