Are you wondering about the price of gold for the new week? Let's find out together with Selena!
Today, USDJPY continues to maintain its upward momentum in the new week's trading session. It is currently trading around 149.78 and is extending its gains to an important level of 150.00, reaching the highest level in the past 11 months.
On the 4-hour timeframe, the uptrend channel is still functioning well, with prices remaining within the upward range. Additionally, this currency pair is supported by the recent increase in US Treasury bond yields and the mild comments from the Bank of Japan. Therefore, reaching the 150.00 mark for USDJPY is entirely possible.
Today, USDJPY continues to maintain its upward momentum in the new week's trading session. It is currently trading around 149.78 and is extending its gains to an important level of 150.00, reaching the highest level in the past 11 months.
On the 4-hour timeframe, the uptrend channel is still functioning well, with prices remaining within the upward range. Additionally, this currency pair is supported by the recent increase in US Treasury bond yields and the mild comments from the Bank of Japan. Therefore, reaching the 150.00 mark for USDJPY is entirely possible.
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What do you think about the market this week? Comment to let Selena know!
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Japan’s Chief Cabinet Secretary Hirokazu Matsuno said on Monday, he was “closely watching FX moves with a high sense of urgency.”
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USD/JPY is uninspired by the BoJ operation, keeping 0.29% higher on the day at 149.80.
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USDJPY is rising as expected, about to reach 150.00, come on!
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Analysis on 1h chart
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