USDJPY Technical Analysis – Strong US data finally leads to a breakout ...Middle East

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Fundamental OverviewYesterday, we got some strong US data as the Jobless Claims and Retail Sales figures came out much better than expected. All the major currencies gained against the Yen for two main reasons.The first is that yields rose across the board as the market continues to price out the aggressive rate cuts expectations for the Fed and the Japanese officials won’t tighten policy again at least until 2025 given the recent volatility. The other reason is that the positive risk sentiment favours higher yielding currencies. USDJPY Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDJPY is now trading right around the broken trendline around the 149.00 handle. The

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USDJPY Technical Analysis – Strong US data finally leads to a breakout ...Middle East

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