Reported 8 months ago
The US Dollar has continued to rally against the Japanese Yen due to low interest rates and swaps in Japan. Traders are finding value in buying US Dollars with support at 155 yen and the 50-day EMA. The 160 yen level remains a significant barrier, but breaking above it could lead to a longer-term uptrend. Buying dips is recommended, with a major support level at 152 yen. Overall, the forecast suggests a bullish outlook for the US Dollar against the Yen.
Source: YAHOO