Hello dear friends!
The USDJPY trend remains an intriguing mystery for us, so let's explore it together with Karina!
Currently, USDJPY is trading around 142.20 and has slightly increased by 0.05% today, despite the overall downtrend. The Japanese Yen has weakened against the US Dollar on Monday, and the prevailing risk-on sentiment is considered the main factor weakening the safe-haven JPY.
The hawkish remarks from Fed officials have bolstered the USD and supported the USD/JPY pair. However, the short-term upward trend may soon come to an end. Breaking the 141.00 level will pave the way towards 140.00 in the near future.
The USDJPY trend remains an intriguing mystery for us, so let's explore it together with Karina!
Currently, USDJPY is trading around 142.20 and has slightly increased by 0.05% today, despite the overall downtrend. The Japanese Yen has weakened against the US Dollar on Monday, and the prevailing risk-on sentiment is considered the main factor weakening the safe-haven JPY.
The hawkish remarks from Fed officials have bolstered the USD and supported the USD/JPY pair. However, the short-term upward trend may soon come to an end. Breaking the 141.00 level will pave the way towards 140.00 in the near future.
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