USD/JPY holds slight bounce after brush against key technical level ...Middle East

We're seeing price nudge back up just above 150.00 for now but it comes after a more sluggish showing yesterday to start the new week/month. That despite the dollar seeing broader gains against the rest of the major currencies. The recent bid in bonds is still continuing to keep some downside pressure on the pair. However, the slight bounce today arguably owes in part to buyers stepping in upon a test of the 100-day moving average (red line) yesterday.The technical level is currently seen at 148.94 and that is the key line in the sand in play. For sellers, they need to break that to keep with the downside momentum. For buyers, holding that will provide more confidence of a potential floor be

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Last updated : 03 Dec 2024 clock 09:20 AM

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