USDJPY was rejected at the 38.2% retracement level. Rising yields may continue to exert downward pressure until the 140 support level is tested. The true direction for USDJPY will likely become clearer after that test.
Similar to USDJPY, EURJPY has also formed a bearish technical outlook. You can check our earlier post on EURJPY here:
Unless EURUSD rises sharply, the downward pressure on both USDJPY and EURJPY is likely to persist.
Similar to USDJPY, EURJPY has also formed a bearish technical outlook. You can check our earlier post on EURJPY here:
Unless EURUSD rises sharply, the downward pressure on both USDJPY and EURJPY is likely to persist.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.