USD/JPY Technical analysis

Source: Dukascopy Bank SA
The USD/JPY pair has been trading around the 151.900 price level, with the potential for a move higher towards 152.900. If bullish momentum continues, the price could reach the next resistance level at 155.00. However, if bearish momentum takes over, the pair could move lower towards the 150.00 support level.



A stronger dollar could have a significant impact on the valuation of the USD/JPY pair in the short term, potentially pushing the exchange rate higher if the dollar strengthens further. This could lead to an upward movement in the pair towards key resistance levels. A stronger dollar could have a significant impact on the valuation of the USD/JPY pair in the short term, potentially pushing the exchange rate higher if the dollar strengthens further. This could lead to an upward movement in the pair towards key resistance levels.

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