USDJPY is moving within a steady ascending channel on the 4H timeframe. After bouncing off the EMA and trendline support, price is now consolidating just below the key 150.00 resistance zone.
On the fundamental side, the Japanese yen remains under pressure as the BOJ maintains a dovish stance even after ending negative interest rates. Meanwhile, the U.S. dollar holds its strength, supported by expectations that this week’s PMI and PCE data will reinforce the Fed’s hawkish outlook, potentially extending USDJPY’s recovery.
The technical structure continues to favor the bulls. Keep a close eye on the 150.00 level — a breakout or rejection here will likely determine the next major move.
On the fundamental side, the Japanese yen remains under pressure as the BOJ maintains a dovish stance even after ending negative interest rates. Meanwhile, the U.S. dollar holds its strength, supported by expectations that this week’s PMI and PCE data will reinforce the Fed’s hawkish outlook, potentially extending USDJPY’s recovery.
The technical structure continues to favor the bulls. Keep a close eye on the 150.00 level — a breakout or rejection here will likely determine the next major move.
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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.