Mon, 20 May 2024 12:33:45 GMT
USD/JPY faces 156.00/156.30 zone
As the US news passed, the USD/JPY started to recover. The inherent weakness of the Japanese Yen will continue to dominate the USD/JPY charts, despite USD weakness. Since Friday, the pair was testing the resistance of the 156.00/156.30 range. Meanwhile, support is provided by the 50, 100 and 200-hour simple moving averages.
A move above 156.30 is set to face