USD/JPY: Will It Continue to Rise Next Week?
Hello everyone, Alisa here! Today, let’s update the information on the USD/JPY currency pair!
The yield on the 10-year U.S. Treasury bond continues to climb, reaching 4.104%, which has driven the growth of the USD/JPY exchange rate. The USD/JPY pair quickly rose to 149.13, increasing by 0.37% in the last trading session. The widening interest rate differential between the U.S. and Japan is attracting investment flows into the U.S. dollar, boosting the uptrend of this currency pair.
Looking at the 1-hour chart, the resistance level of 149.268 is playing a crucial role. If the USD/JPY pair, supported at the 148.450 level, can gain momentum and break through this resistance, it is expected to surge towards the 150.00 mark. Once it surpasses the 150.00 level, we can anticipate further buying pressure, pushing the price higher.
What do you think about this currency pair?
The yield on the 10-year U.S. Treasury bond continues to climb, reaching 4.104%, which has driven the growth of the USD/JPY exchange rate. The USD/JPY pair quickly rose to 149.13, increasing by 0.37% in the last trading session. The widening interest rate differential between the U.S. and Japan is attracting investment flows into the U.S. dollar, boosting the uptrend of this currency pair.
Looking at the 1-hour chart, the resistance level of 149.268 is playing a crucial role. If the USD/JPY pair, supported at the 148.450 level, can gain momentum and break through this resistance, it is expected to surge towards the 150.00 mark. Once it surpasses the 150.00 level, we can anticipate further buying pressure, pushing the price higher.
What do you think about this currency pair?
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