Hello dear friends ! Today continues to be USDJPY's winning streak!
Accordingly, this currency pair is once again supported by the recovery of the USD. USDJPY saw significant buying as investors are reconsidering bets supporting the Federal Reserve's (Fed) interest rate cut decision in March.
Besides, the Japanese Yen's decrease in price for the third consecutive day in the context of BoJ's more dovish expectations is also a factor pushing this pair up.
Currently from the chart, USDJPY has successfully surpassed the resistance level of 146,200. The bullish outlook is still supported for the time being with targets at 148.12 and 149.73 respectively.
Accordingly, this currency pair is once again supported by the recovery of the USD. USDJPY saw significant buying as investors are reconsidering bets supporting the Federal Reserve's (Fed) interest rate cut decision in March.
Besides, the Japanese Yen's decrease in price for the third consecutive day in the context of BoJ's more dovish expectations is also a factor pushing this pair up.
Currently from the chart, USDJPY has successfully surpassed the resistance level of 146,200. The bullish outlook is still supported for the time being with targets at 148.12 and 149.73 respectively.
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