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Senorita71

Usdjpy May Fall Down

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Senorita71 Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Fundamental Analysis usdjpylong usdjpyforecast usdjpyanalysis usdjpyprediction
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trendanalysis chartpattern fundamental usdjpylong usdjpyforecast usdjpyanalysis usdjpyprediction
USDJPY

The Japanese Yen remains on the defensive amid the BoJ’s uncertain policy outlook. A positive risk tone also undermines the JPY, though intervention fears limit losses. Reduced Fed rate cut bets act as a tailwind for the USD and lend support to USD/JPY. Traders now seem reluctant ahead of this week’s key central bank event and data risks.
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USDJPY IS GOING DOWN
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