USDJPY TO 139

31 Oca 2023

"Based on a thorough technical analysis, I have identified an ascending triangle pattern on the 4-hour chart of the US Dollar Index (DXY) and a bearish flag formation on the daily chart. Additionally, a doji pattern has been observed on the monthly chart, indicating potential market indecision. On Wednesday, it is expected that the DXY will experience a rise due to the Federal Open Market Committee (FOMC) meeting. Furthermore, Governor Kuroda's recent statement refusing to tighten monetary policy is likely to result in a weaker Japanese Yen, thereby contributing to the expected rise in the DXY. I wish all traders a profitable and successful trading week ahead."