Yen below resistance

JAPANESE YEN / U.S. DOLLARICE

Description

⋅ Dec 30, 2022 4:09 PM

With the Bank of Japan having to step in to defend its bond market after its surprise move to widen the yield cap on Japanese bonds we could see a reversal in the Yen uptrend. Central Banks usually choose weaker currency versus weaker bonds.

Trend Analysis Support and Resistance