2024-12-28 16:45
IndustryUSD/JPY Price Forecast: Struggles at 144.00 tumble
USD/JPY retreats after a two-week peak of 144.68, dragged down by declining US Treasury yields.
Technical indicators maintain a bearish stance with the pair below the Ichimoku Cloud and 200-DMA, suggesting more declines.
Key supports identified at the September 20 low of 141.73 and the September 16 low of 139.58.
For a bullish reversal, USD/JPY must surpass the Kijun-Sen at 143.44, with further hurdles at 144.00 and the recent high of 144.68.
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USD/JPY Price Forecast: Struggles at 144.00 tumble
Nigeria | 2024-12-28 16:45USD/JPY retreats after a two-week peak of 144.68, dragged down by declining US Treasury yields.
Technical indicators maintain a bearish stance with the pair below the Ichimoku Cloud and 200-DMA, suggesting more declines.
Key supports identified at the September 20 low of 141.73 and the September 16 low of 139.58.
For a bullish reversal, USD/JPY must surpass the Kijun-Sen at 143.44, with further hurdles at 144.00 and the recent high of 144.68.
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