Reported 12 months ago
The US Dollar is predicted to continue its upward trend against the Japanese Yen due to interest rate differentials attracting traders. Despite potential pullbacks offering buying opportunities, the focus remains on the 160 yen level as a significant target, with the 162.50 yen level being a potential short-term target. However, with the upcoming Independence Day holiday affecting liquidity and the jobs number report on Friday impacting the pair's movement, the market is expected to maintain its upward momentum as buyers are likely to capitalize on any dips.
Source: YAHOO