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USDJPY Technical Analysis

On the daily chart below for USDJPY, we can see that the price found support at the trendline and the 133.77 level. The moving averages remain crossed to the upside which keeps the uptrend intact. We can also notice that the market is forming an ascending triangle, which is generally followed by big moves once the price breaks out on either side. The culprit for this USD/JPY rally is the rise in the Treasury yields due to the recent better than expected data and rising long term inflation expect... Read More

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Usdjpy

Technical

Analysis

Forex

Posted: May 17 2023, 10:13

Author Name: forexlive

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