Fundamental Analysis
Posted 22 hours ago
USD/JPY Tests 156.13/50 Resistance; Fed Hawkishness Widens Rate Advantage
USD/JPY is testing key resistance at 156.13–156.50 as a hawkish Federal Reserve reinforces the US yield advantage over the yen. The Bank of Japan's next guidance—particularly whether Governor Ueda signals tightening beyond an expected 1.25% hike—will be critical to sustaining yen strength. Japan's CPI composition, especially services inflation, remains a watch point.
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Latest Updates
21 hours ago
USD/JPY: Bullish Bias Intact Above 154.83; Eyes 157.11
USD/JPY remains on an uptrend from 152.87 with intraday bias to the upside. Resistance sits at 157.11 (38.2% retracement of 163.97–152.87 drop). Support at 154.83 is key; a break below would turn the bias neutral. The 155.01 cluster support is significant in the broader structure. Current price action supports further upside if resistance holds.
https://www.actionforex.com/technical-outlook/usdjpy-outlook/654491-usd-jpy-daily-outlook-2485/New to MyTradingLand?
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