USD/JPY hangs on to bullish near-term bias after suspected intervention ...Middle East

forex live - News
USD/JPY hangs on to bullish near-term bias after suspected intervention
The drop earlier had all the hallmarks of a BOJ/MOF intervention but so far, USD/JPY buyers are not throwing in the towel just yet. The low hit 155.05 and that called into question some key near-term levels. And for now, both the 100 (red line) and 200-hour (blue line) moving averages are being held:It points to the near-term bias still being more bullish but I would caution that the price action dynamics have certainly changed. Apart from the technicals, the psychological aspect is also very much a factor now especially after the suspected intervention from Tokyo.In my view, I don't see anything or anyone else being able to move price to such an extent. Local media in Japan is not confirmin

Hence then, the article about usd jpy hangs on to bullish near term bias after suspected intervention was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( USD/JPY hangs on to bullish near-term bias after suspected intervention )

Apple Storegoogle play

Last updated :

Also on site :