U.S. Dollar / Japanese Yen
Long
Updated

USDJPY – Bullish Trend Continues Strongly

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The USDJPY pair is currently trading within an upward channel, with solid support at 146.500 JPY, and there is potential for further gains towards the next resistance level at 148.400 JPY.

The chart shows that the price continues to form higher lows, reinforcing the bullish trend. The strength of the US dollar, supported by the Fed's tightening policies, further drives this trend.

Impact from News:
Strong US labor market data and decisive monetary policy from the Fed continue to support the USD. If USDJPY breaks through the resistance at 148.400, the bullish trend may continue toward the 150.000 JPY level.

However, if the support at 146.500 is broken, a pullback to 145.000 could occur.

In summary, the bullish trend remains strong, with the next target being the resistance at 148.400 JPY.
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