2025-01-17 16:01
IndustryYen's Weakness Raises Concerns
The USD/JPY exchange rate briefly rebounded from below 155.00, but the yen remains weak, attracting significant attention. U.S. economic data has shown some signs of weakness, while expectations of a rate hike by the Bank of Japan (BoJ) are rising, making the yen's outlook more complicated.
From a technical perspective, the USD/JPY has recently seen some rebound around the 155.00 level, with the exchange rate rising by over 50 points. While the exchange rate has recovered in the short term, if the yen continues to weaken, the next support levels could be around 154.60-154.55, with the possibility of dropping below 154.00, heading toward 153.30. On the other hand, if USD/JPY can maintain above 156.00, it could continue to rise, breaking through the 156.30-156.35 resistance zone and even targeting the key 157.00 level, further pushing the exchange rate higher.
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Yen's Weakness Raises Concerns
| 2025-01-17 16:01
The USD/JPY exchange rate briefly rebounded from below 155.00, but the yen remains weak, attracting significant attention. U.S. economic data has shown some signs of weakness, while expectations of a rate hike by the Bank of Japan (BoJ) are rising, making the yen's outlook more complicated.
From a technical perspective, the USD/JPY has recently seen some rebound around the 155.00 level, with the exchange rate rising by over 50 points. While the exchange rate has recovered in the short term, if the yen continues to weaken, the next support levels could be around 154.60-154.55, with the possibility of dropping below 154.00, heading toward 153.30. On the other hand, if USD/JPY can maintain above 156.00, it could continue to rise, breaking through the 156.30-156.35 resistance zone and even targeting the key 157.00 level, further pushing the exchange rate higher.
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