Mon, 22 Apr 2024 12:53:14 GMT
USD/JPY tests resistance
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.
If the rate breaks above the 154.70/154.80 range, the 155.00 mark is expected to act as