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U.S. Dollar / Japanese Yen
Long

USDJPY: Is It Time to Intervene in the FX Market?

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As noted in the previous analysis, the pair saw an upward movement and reached the 158 supply zone. Given the current fundamental conditions, we don't view a bearish scenario for this pair as likely unless the Bank of Japan intervenes in the currency market. Otherwise, if the pair experiences a correction, a buy opportunity may arise again. The valid demand zone is around 154.
UtoForex
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Supply and DemandSupport and ResistanceTrend Lines

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Supply and DemandSupport and ResistanceTrend Lines
UtoForex
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.