USD/JPY: Ready to Break 154.8 and Push to New Highs
Expectations around Trump's import tariffs are supporting U.S. bond yields, strengthening the USD and continuing to pressure JPY. The recent depreciation of JPY could lead to potential intervention from the Japanese government, preventing further short-selling ahead of the U.S. consumer inflation data release.
Looking at the price chart, the USD/JPY pair has maintained a steady uptrend for an extended period, reflecting the strength of the USD relative to JPY. Recently, the pair has broken through significant resistance levels and continues to set new highs, reinforcing the current bullish trend.
In the short term, there is a strong possibility that the pair could break the 154.8 resistance level. This level is currently a key point of resistance, but given the current upward momentum, the price is likely to surpass it and continue rising. An additional factor supporting this potential move is the upward-sloping trendline, which remains intact and indicates that the bullish trend is being sustained.
With these factors in mind, it is reasonable to expect the USD/JPY pair to continue its upward trend in the near term, particularly if the 154.8 resistance level is broken. The stable uptrend and solid support from the trendline suggest that the price has the potential to continue rising, opening up opportunities for new highs.
Looking at the price chart, the USD/JPY pair has maintained a steady uptrend for an extended period, reflecting the strength of the USD relative to JPY. Recently, the pair has broken through significant resistance levels and continues to set new highs, reinforcing the current bullish trend.
In the short term, there is a strong possibility that the pair could break the 154.8 resistance level. This level is currently a key point of resistance, but given the current upward momentum, the price is likely to surpass it and continue rising. An additional factor supporting this potential move is the upward-sloping trendline, which remains intact and indicates that the bullish trend is being sustained.
With these factors in mind, it is reasonable to expect the USD/JPY pair to continue its upward trend in the near term, particularly if the 154.8 resistance level is broken. The stable uptrend and solid support from the trendline suggest that the price has the potential to continue rising, opening up opportunities for new highs.
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