USDJPY is showing good price increase goals
Updated
Hello dear friends, as predicted by Karina,
USDJPY has experienced a strong increase after a few days of decline, gaining momentum since reaching its yearly high at 150.000. It is currently trading at 151.290 today.
The main reason for this currency pair's support can be attributed to the Bank of Japan (BoJ) removing the 1% cap on the 10-year government bond yield on Tuesday.
If the favorable conditions persist, USDJPY may soon achieve its long-term target of 152.800, as previously stated.
USDJPY has experienced a strong increase after a few days of decline, gaining momentum since reaching its yearly high at 150.000. It is currently trading at 151.290 today.
The main reason for this currency pair's support can be attributed to the Bank of Japan (BoJ) removing the 1% cap on the 10-year government bond yield on Tuesday.
If the favorable conditions persist, USDJPY may soon achieve its long-term target of 152.800, as previously stated.
Trade active
Comment
USDJPY has reached the expected support level, the transaction continues to be expected and deployed. Good luck!Comment
New analysis on 4H charts
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.