2024-12-24 18:26
IndustriUSD/JPY: may continue to rise in the near term
The USD/JPY made a rally yesterday, breaking through the 157 mark and holding above it, indicating that the USD/JPY downtrend has ended and may enter an uptrend. I expect USD/JPY to test the recent high of 157.92, and if it can break above this level, it has a good chance of reaching the 160 mark in the short term. The following should be an uptrend unless the USD/JPY breaks below 156.7 and stays below it.
Today I expect USD/JPY to trade between 156.7 and 158.
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USD/JPY: may continue to rise in the near term
Hong Kong | 2024-12-24 18:26
The USD/JPY made a rally yesterday, breaking through the 157 mark and holding above it, indicating that the USD/JPY downtrend has ended and may enter an uptrend. I expect USD/JPY to test the recent high of 157.92, and if it can break above this level, it has a good chance of reaching the 160 mark in the short term. The following should be an uptrend unless the USD/JPY breaks below 156.7 and stays below it.
Today I expect USD/JPY to trade between 156.7 and 158.
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