Brian greetings to you all!
USDJPY continues to maintain its upward trend by consistently increasing its value above 148.00.
Currently, UJ is trading around the level of 149.029, a record high. Additionally, the Federal Reserve has signaled the possibility of raising interest rates at least once by the end of this year. This allows the US dollar (USD) to remain strong near its year-to-date peak and act as a tailwind for the USD/JPY pair, helping it continue to rise.
USDJPY continues to maintain its upward trend by consistently increasing its value above 148.00.
Currently, UJ is trading around the level of 149.029, a record high. Additionally, the Federal Reserve has signaled the possibility of raising interest rates at least once by the end of this year. This allows the US dollar (USD) to remain strong near its year-to-date peak and act as a tailwind for the USD/JPY pair, helping it continue to rise.
Note
good luckNote
Traders also seem reluctant to bet aggressively and want to wait for Fed Chairman Jerome Powell's speech on ThursdayNote
UJ is increasing as indicatedNote
Related publications
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.
Related publications
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.