Will USDJPY decrease in the future?
Hello dear friends, are you wondering about the market today?
Today, USDJPY continues to maintain its high level and is trading at 149.068. However, after observing the 1D chart, we can see that the upward momentum of UJ is gradually cooling off. By using Fibonacci, it has now reached a perfect level for us to expect a price drop.
What do you think?
Today, USDJPY continues to maintain its high level and is trading at 149.068. However, after observing the 1D chart, we can see that the upward momentum of UJ is gradually cooling off. By using Fibonacci, it has now reached a perfect level for us to expect a price drop.
What do you think?
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Wishing everyone a smooth trading day
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The authorities in China have also upped their rhetoric opposing CNY weakness as well. Actions to curtail upside moves in USD/CNY would certainly help Tokyo in its battle to limit JPY weakness.
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USD/JPY is losing 0.15% on the day at 149.04
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