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USDJPY Technical Analysis

On the daily chart below for the USDJPY, we can see that after the huge rally caused by the once again dovish BoJ, the price found resistance near the last high at 137.90 and then sold off as the US Job Openings missed expectations. The price then bounced a little from the resistance turned support at the 135.09 level, but then broke through as the Fed hinted at a pause if the disinflationary trend continues as expected. The price is now at the red long period moving average and it’s likely that... Read More

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Usdjpy

Technical

Analysis

Forex

Posted: May 4 2023, 08:27

Author Name: forexlive

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