USD/JPY Strengthens Due to High U.S. Bond Yields
The technical analysis of USD/JPY on October 23 shows a strong upward trend. Currently, the pair is trading around 152.640 after breaking the 150.550 support level, paving the way for a potential rise to 153.367.
The EMA 34 and 89 lines provide solid support, while the MACD indicator suggests strong upward momentum. A short-term correction may occur before further gains.
On the news front, USD/JPY is boosted by high U.S. bond yields and expectations that the Fed will maintain stable rates, while the Bank of Japan continues its loose monetary policy.
The EMA 34 and 89 lines provide solid support, while the MACD indicator suggests strong upward momentum. A short-term correction may occur before further gains.
On the news front, USD/JPY is boosted by high U.S. bond yields and expectations that the Fed will maintain stable rates, while the Bank of Japan continues its loose monetary policy.
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