Reported 5 months ago
The article discusses the weekly price forecast for the USD/JPY pair, indicating that the US dollar has continued to strengthen against the Japanese yen. The recent rally suggests a continuation play following a hammer formation in the previous week's candlestick. Market dynamics indicate potential further upside towards the ¥160 level, with short-term pullbacks likely finding support near ¥155 and ¥152 levels. Overall, the article suggests a bullish outlook for the pair, with a cautious stance on selling unless it breaks below ¥150 and considering fundamental factors.
Source: YAHOO