USD/JPY retests highs for the year as dollar stands its ground ...Middle East

The bond market has been more choppy this week but USD/JPY traders are not waiting around it seems. Buyers are eager to push their agenda, after having defended a drop near the 100-day moving average (red line) earlier this week. Now, we're seeing price move up to test the January high of 148.80 on the day.That's the key level to watch on the daily chart as a firm break there sets up the potential to move towards 150.00 next.There were some slightly dovish remarks from the BOJ earlier today here. So, that might be playing a bit of a role in the price action we're seeing. However, I would argue that the commentary is still fitting to what the central bank has been feeding markets in recent mo

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Last updated : 08 February 2024 clock 11:41 AM

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USD/JPY retests highs for the year as dollar stands its ground ...Middle East

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