Tue, 23 Apr 2024 10:06:37 GMT
USD/JPY reaches new high
Despite piercing the support range at 153.85/153.95, the USD/JPY returned to trade above it and eventually surged. On Monday, the rate was once again testing the 154.70/154.80 range. Meanwhile, support appeared to be provided by the 50 and 100-hour simple moving averages near 154.50.
On Tuesday, the rate passed above the 154.70/154.80 range. However, it was still confirming the range