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USDJPY Technical Analysis

On the daily chart below for USDJPY, we can see that after the big selloff after the miss in US Job Openings, the price bounced from the 135 handle and the red long period moving average. The strong NFP report last Friday gave the USD a boost as Treasury yields rose due to some fear of persistently high inflation. The price has been moving pretty sideways since then as the market awaits the US CPI report today to decide where to go next. The market is still pricing a Fed pause in June and rate c... Read More

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Usdjpy

Technical

Analysis

Forex

Posted: May 10 2023, 08:22

Author Name: forexlive

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