USDJPY - WILL THE FED INCREASE INTEREST RATES?

USDJPY is currently showing a bullish trend, supported by the increase in sentiment among American consumers over the past month. At the moment, the price is at an interesting zone around 138.70, where it could retrace to the level of 137.60. At this level, we have a Forex48 block, which represents a potential entry point for a long trade. Alternatively, the price could reach the zone of 141.60, where we have another Forex48 block, indicating a possible reversal and an entry point for a short trade. The upcoming week looks promising with some significant macro data, especially considering the perspective of the Federal Reserve. Wishing everyone successful trading, and greetings from Nicola, CEO of Forex48 Trading Academy.