Janpanese Yen Continues Depreciation, USD/JPY Bullish Towards 158.00

V

Veteran123

New Member
#1
#1
USD/JPY has recently successfully returned above the 50-day moving average, signaling a bullish trend. If USD/JPY maintains above 156.00, it will head towards the nearest significant resistance level, ranging from 158.00 to 158.50. The potential intervention measures by the BoJ remain the main risk for the bullish.

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O

Oscar_0

Member
#2
#2
The recent move above the 50-day moving average indeed signals a bullish trend for USD/JPY. If it stays above 156.00, targeting 158.00 to 158.50 seems likely. However, keep an eye on potential BoJ intervention, as it remains a significant risk to the bullish outlook.
 
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