USDJPY: New trend strategy
Dear friend, today we have an idea about trading this major currency pair.
Currently, USDJPY continues to trade in a downward trend, and the range around 150.30 and 150.50 continues to serve as a psychological barrier for the upward movement of this currency pair.
Specifically, concerns about intervention have strengthened the JPY, although uncertainty about the BoJ's monetary policy has limited the increase. Traders are looking at the FOMC minutes for signals about the Fed's interest rate cut trajectory and new momentum.
The price target is set at 149.40 in the short term.
What do you think, do you agree with me?
Currently, USDJPY continues to trade in a downward trend, and the range around 150.30 and 150.50 continues to serve as a psychological barrier for the upward movement of this currency pair.
Specifically, concerns about intervention have strengthened the JPY, although uncertainty about the BoJ's monetary policy has limited the increase. Traders are looking at the FOMC minutes for signals about the Fed's interest rate cut trajectory and new momentum.
The price target is set at 149.40 in the short term.
What do you think, do you agree with me?
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