USD/JPY retreat continues, set for fourth straight day of declines ...Middle East

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The pair is down another 0.6% today to 147.46 currently, with the low earlier touching 147.25 and testing minor support at around the 147.30 mark. The key level to watch amid the downside push right now is still the 100-day moving average (red line) at 146.55 currently as that will set the tone for whether or not the upside momentum since July will be broken.For now, the retreat in Treasury yields and the dollar's fall alongside it is continuing to drive price action lower and a push towards 145.00 isn't out of the picture in my view. The greenback is in a rather precarious position as there are technical breaks in most dollar pairs right now and that's suggestive of a further decline in the

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Last updated : 21 Nov 2023 clock 08:20 AM

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USD/JPY retreat continues, set for fourth straight day of declines ...Middle East

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