Currently, the USDJPY pair is still moving sideways throughout the trading session, hovering around the 149.00 level. At the time of writing, the price is trading at 148.97. With no major economic data expected to be released from Japan this week, the USD/JPY pair continues to rely on the momentum of the USD.
From the analysis chart, we can see that USDJPY has broken out of the uptrend channel and is still moving sideways. Therefore, it is expected that the price will retest 149.56 before starting a significant downward trend with an anticipated decline to 148.10.
From the analysis chart, we can see that USDJPY has broken out of the uptrend channel and is still moving sideways. Therefore, it is expected that the price will retest 149.56 before starting a significant downward trend with an anticipated decline to 148.10.
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