USD/JPY Forecast: US Dollar's Direction Hangs in Balance

Reported 2 months ago

The USD/JPY currency pair is at a crossroads as the US Dollar shows fluctuations following a break below its uptrend line. Traders are uncertain if the market will confirm a move above the uptrend line and the 150 yen level, or if it will drop further below the 142 yen level. The situation reflects broader market anxieties, and upcoming economic data, such as jobless claims, may influence the next move.

Source: YAHOO

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