Market Bias: Bearish USDJPY
Recent price action shows weakening bullish momentum on USDJPY, with sellers stepping in near resistance zones.
Key Drivers:
– Broad USD softness amid dovish Fed tone and easing inflation pressures
– JPY strength supported by rising BOJ tightening expectations or yield differentials narrowing
– Risk-off sentiment potentially boosting safe-haven demand for JPY
Recent price action shows weakening bullish momentum on USDJPY, with sellers stepping in near resistance zones.
Key Drivers:
– Broad USD softness amid dovish Fed tone and easing inflation pressures
– JPY strength supported by rising BOJ tightening expectations or yield differentials narrowing
– Risk-off sentiment potentially boosting safe-haven demand for JPY
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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.